{"id":20370,"date":"2021-07-21T11:10:15","date_gmt":"2021-07-21T05:40:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-uae-exchange-financial-service-ltd-2020-117-taxmann-com-105-karn-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-pcit-v-uae-exchange-technology-p-ltd\/"},"modified":"2021-07-21T11:10:15","modified_gmt":"2021-07-21T05:40:15","slug":"pcit-v-uae-exchange-financial-service-ltd-2020-117-taxmann-com-105-karn-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-pcit-v-uae-exchange-technology-p-ltd","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-uae-exchange-financial-service-ltd-2020-117-taxmann-com-105-karn-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-pcit-v-uae-exchange-technology-p-ltd\/","title":{"rendered":"PCIT v. UAE Exchange &#038; Financial Service Ltd. (2020) 117 taxmann.com 105 (Karn.)(HC) Editorial : SLP of revenue is dismissed as withdrawn due to low tax effect PCIT v. UAE Exchange Technology (P) Ltd (2020) 272 Taxman 19 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue High Court held that Tribunal is right in applying first and second proviso of Section 92C of the Act and allowing +\/-5% range in the case where there is only one reference rate of RBI as a benchmarking rate for determining Arms&#8217; Length Price. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Safe Harbour rules-RBI rate to be a bench mark-Second proviso to section 92C(2) which allows +\/-5 per cent range to  could be applied even in a case where transactions involved were an account of trading in foreign exchange.  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20370","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5iy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20370"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20370\/revisions"}],"predecessor-version":[{"id":20371,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20370\/revisions\/20371"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}