A Bill amending the taxing rights of the states and central government is rumoured to appear in the winter session of India’s parliament. This reallocation of taxing rights, however, will cause technology companies who may be liable for services tax in India to reassess their tax positions.
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The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR
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