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There is no term called 'raid' in the IT Act. A survey is not a search and seizure, which doesn’t allow for sealing of premises or seizing of devices. Transfer pricing assessments are the normal course and have been routinely followed, without the sword of a survey or a search.
Following the survey operations by the Income Tax department at British Broadcasting Service offices in Delhi and Mumbai on Tuesday, the BBC said that it was fully cooperating with the authorities ."The Income Tax Authorities are currently ...
New Delhi, February 14 (IANS): Following the survey operations by the Income Tax department at British Broadcasting Service offices in Delhi and Mumbai on Tuesday, the BBC said that it was fully cooperating with the authorities .
GAIL (India) Limited and the Central Board of Direct Taxes (CBDT) today entered into a landmark advance pricing agreement (ArA) for determining the transfer pricing margin payable on its long-term LNG sourcing contract from USA for the period of five years, the company said via an exchange filing. The APA Scheme enhances the government's goal of promoting a non-adversarial tax system
On 01 February 2023, the Hon’ble Finance Minister of India presented a ‘no surprise’ Union Budget for 2023-24, laying a positive framework for…