Transfer Pricing Provisions should be extended to domestic transactions to reduce litigation

Court : Supreme Court Citation:  CIT, DELHI Vs GLAXO SMITH KLINE ASIA (P) LTD. Brief  : Q of S. 40A (2) not examined as exercise is “revenue-neutral”. Transfer Pricing Provisions should be extended to domestic transactions to “reduce litigation” The assessee did not have any employee other than a company secretary and all administrative services relating to marketing, finance, HR etc were provided by Glaxo Smith Kline Consumer Healthcare Ltd (“GSKCH”) pursuant to an agreement under which the assessee agreed to reimburse the costs incurred by GSKCH for providing the various servic...