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Income Tax - Highlights / Catch Notes

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Applicability of transfer pricing provisions where income is ...


Transfer Pricing Rules Not Applicable to Qualifying Ships Under Tonnage Tax Scheme (TTS) for Assessee's Operations.

June 26, 2019

Case Laws     Income Tax     AT

Applicability of transfer pricing provisions where income is computed under the Tonnage Tax Scheme (TTS) - the transfer pricing regulations do not apply to the assessee to the extent of operations carried out through operating qualifying ships where the income is taxed under TTS.

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