Case Law Details
Case Name : Instrumentarium Corporation Limited, Finland Vs. Assistant Director of Income Tax International Taxation (ITAT Kolkata)
Related Assessment Year : 2003-04 & 2004-05
Courts :
ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Why this article-:
1. This article is based on a judicial pronouncement ITAT – KOLKATA SPECIAL BENCH ‘A’, KOLKATA vide its order dated July 15, 2016 in the case of Instrumentarium Corporation Limited, Finland v ADIT -International Taxation I Kolkata.
2. The bench has concluded that, in view of section 92C of the Income Tax Act 1961 related parties cannot have interest free loan transaction.
3. Apparently, the author is not in agreement with this conclusion. It is not necessary that all moratoriums or free services between associated enterprises must be compensated in terms of chargin...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
