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

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