Assigning incomes to an Israel Co. without assigning corresponding obligations is an agreement for tax avoidance: AAR

INCOME TAX : Assignment of mere receipts from an Indian company to Israel based Applicant by its US based affiliate without assigning corresponding obligations was prima-facie for avoidance of tax; application for Advance Ruling was to be rejectedINCOME TAX : Assignment of mere receipts from an Indian company to Israel based Applicant by its US based affiliate without assigning corresponding obligations was prima-facie for avoidance of tax; application for Advance Ruling was to be rejectedwww.taxmann.com Latest Case LawsRead More

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