476 International Transfer Pricing 2013/14 Introduction A separate code on transfer pricing under Sections 92 to 92F of the Indian Income Tax Act, 1961 (the Act) covers intra-group cross-border transactions which is applicable from 1 April 2001 and specified domestic transactions which is applicable from 1 April 2012. Provided the implementation of the new Direct Tax Code is not deferred by the Government. 486 International Transfer Pricing 2013/14 India Where an Indian taxpayer is providing such services, the taxpayer should be compensated on an armâs-length basis.
Picture from Glen Canyon National Recreation Area, Utah. The Principle of Original Horizontality states that layers of sediment are originally deposited horizontally under the action of gravity . It is a relative dating technique. The principle is important to the analysis of folded and tilted strata.
Perpendicularity describes angularity at 90Â° and parallelism describes it at 0Â°. All of these are profiles of orientation and are used in the exact same way. They also can be used with control of an axis under maximum material condition, although perpendicularity is usually the only one you will ever see with this callout.