Transfer Pricing of intangibles: A taxing combat

This write-up deliberates upon tax tussle involved in transfer pricing of intangibles. For the purpose, after giving a brief view of ‘Transfer Pricing’ and ‘intangibles’ and their respective importance, the author has cited certain national and international case laws on the same. According to the author, the law relating to transfer pricing of intangibles is still in its infancy India. Yet, the emerging jurisprudence shows signs of maturity and willingness to adopt international standards. What remains to be seen is how quickly the Legislature and the tax enforcement machinery adapt to the rapid changes at both the national and transnational level and in plugging the loopholes to bring an effective and cogent Transfer Pricing regime in India.

For more please refer….Taxmann’s Corporate Professional Today” volume 20 issue 6