Author: vimarsh

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Vegan and Animal Experimentation Part II by Vimarsh at Lexcliq

Albeit, experiments using animals have played in advancing medical knowledge. Laboratory animals have been essential, and the knowledge gained has saved countless human lives and not only human lives. Animals, themselves, have benefitted. In the book Animals and Medicine: The Contribution of Animal Experiments to the Control of Disease by Jack H. Botting, 2015 it […]

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Vegan and Animal Experimentation Part I by Vimarsh at Lexcliq

People for the Ethical Treatment of Animals (PETA), largest animal rights organization in the world defines “Vegan” as (strict vegetarian) who does not consume meat, dairy products, eggs, honey, or any product derived from an animal. International Vegetarian Union defines Vegan: excludes any use of any animal products for any purpose, including animal flesh (meat, […]

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METHODS OF DETERMINING THE Arm’s Length Price by Vimarsh at Lexcliq

The concept of Arm’s length derives its meaning from the independent relation shared between independent parties. Unlike business transactions between related parties, the transactions between unrelated parties are done at an open market price and accordingly, Arm’s Length Price (‘ALP’) demonstrates the price that should have been charged between related parties had those parties were […]

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LAW OF TRANSFER PRICING IN INDIA by Vimarsh at Lexcliq

Increasing participation of multi-national groups in economic activities in India has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same group. Hence, there was a need to introduce a uniform and internationally accepted mechanism of determining reasonable, fair and equitable profits and tax […]

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E-Payments by E-Commerce Entities Part II by Vimarsh at Lexcliq

Card not present transaction A card not required transaction is a purely electronic transaction where the merchant and buyer never meet physically. But this type of transaction raises doubts as to the identity of the purchaser and possibility of fraud. To overcome this difficulty, a system of providing for additional authentication/validation based on information not […]

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