Ruling on Applicability of Transfer Pricing Provisions to Situations Where No Income Arises under the Income Tax Act

Journal
India
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2013 (Volume 15), No. 5
In its recent judgment in the Vijai Electricals Ltd case, the Income Tax Appellate Tribunal considered the applicability of transfer pricing provisions in situations where no income can be said to arise under the Income Tax Act, 1961.