Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs
Income TaxInternational Taxation
The ITAT has ruled that "SBI PLR is applicable for arm's length interest on INR-denominated FCCDs." The tribunal's decision clarifies a key aspect of international taxation. The ruling reinforces the principle that a company's income should be taxed at an arm's length.
