On Wednesday clubs agreed to move to Phase Two of the comeback with players working in larger groups and closer to each other. … [Read more...] about Premier League to restart on June 17: BBC
When premier league transfer window open
“This plan will be kept continually under review to ensure public health and safety and a key part of this is for supporters to continue to respect the social distancing guidelines, and not to attend or gather outside the stadiums,” he added. … [Read more...] about Liverpool may win Premier League title at neutral venue: Report
Despite New Zealand’s low profile in tennis, the country hosts an ATP and WTA event very home summer, giving local fans a chance to watch some of the sport’s bigger names warm up for the year’s first Grand Slam in neighbouring Australia. … [Read more...] about New Zealand thrilled to snatch sporting spotlight with Premier League
As many suspended football leagues across the world attempt to resume their seasons in the midst of the Covid-19 pandemic, two among the world’s biggest on Thursday announced plans to do so from next month. While the Premier League is set to resume on June 17, Italy’s Serie A will go ahead later that weekend after a green light from the government on Thursday. England and Italy’s top-flights will follow Germany’s Bundesliga, which has already resumed, and Spain’s La Liga, to lift the season suspension and continue with the remaining games of the season this summer. La Liga will resume on June 11 with the local derby between Sevilla and Real Betis, the government’s department for sport said on Friday. … [Read more...] about Europe’s big leagues look to get rolling
Imports from related parties are generally subjected to valuation under the Customs Act, 1962 as well as Transfer Pricing (‘TP’) under the Income-tax Act, 1961. While both regulations aim to arrive at an appropriate price, the outlook is different. Where one prevents excessive price for imports recorded in the books, the other prevents under-pricing. There is even similarity in the methods that are used to arrive at the appropriate price. However, in absence of a legal binding, businesses struggle to make a case before the revenue authorities. The PreambleThe TP Regulations and the tax authorities, through the Arm’s Length Price (‘ALP’) approach, examine the transaction price to ensure that the profit as well as the tax payable on the profit earned from the imported goods, is not understated. On the other hand, Customs law and the customs authorities, through Fair Value (‘FV’) approach, ensures that the price is not understated to reduce the … [Read more...] about Valuation Under Transfer Pricing & Customs – Will They Ever Converge?