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.
Originality: ability to generate a product or idea that is unique or very unusual, unexpected, first of its kind. E.g. oxymorons, juxtapositions, unprompted shifts in time/place/role/capabilities, unique combinations. Originality is the pinnacle of creativity. Of the four FFOE skills, originality is most difficult to force but can be REINforced. Originality by definition means producing ideas and products that have not existed before, but we judge it in relative terms.