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 is the quality of being new and inventive. A composer who writes a symphony to be played by car horns and cell phones shows great originality. When something is original, it is creative and not derived from something else. It's fresh. Originality refers to the quality of being original and new. Inventors are full of originality: they need to think of brand new ideas and products. A great artist is full of originality, especially when coming up with new and surprising types of art. If something is just like other things, it shows no originality. True originality is a rare thing.