The company, according to sources, has approached the Dispute Resolution Panel (DRP) against the order of the Assessing Officer, who had alleged under-stating of revenues by the U.S. technology group.
This is the latest in a series of tax disputes being faced by major mult-inational corporations in the country. Among the major MNCLOT-411 Real test questions, British telecom giant Vodafone, Finnish handset maker Nokia and major oil company Shell are locked in tax disputes with the Revenue Department.
In the case of IBM, the Assessing Officer is reported to have added back the sales reversal as income of the company, raising substantially the tax liability of the IBM.
http://www.testonside.com/lot-411.html
This is the latest in a series of tax disputes being faced by major mult-inational corporations in the country. Among the major MNCLOT-411 Real test questions, British telecom giant Vodafone, Finnish handset maker Nokia and major oil company Shell are locked in tax disputes with the Revenue Department.
In the case of IBM, the Assessing Officer is reported to have added back the sales reversal as income of the company, raising substantially the tax liability of the IBM.
http://www.testonside.com/lot-411.html