Tax Guru Team wishes all its visitors, subscribers, panel writers, team members and your loved ones a very happy, healthy, peaceful and prosperous new year 2010. Thanks to all for making the website a big hit within first year of its launch. We are determined to serve you better in future. Suggestions for improvement are welcome.
The government’s tax collections could take a Rs 10,000-crore hit this year due to the setting up of the income-tax dispute resolution panel (DRP) for settling transfer pricing disputes. Such a dispute arises when there is a disagreement between the government and the taxpayer, especially a foreign company, in determining the tax liability of its subsidiary.
