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Adjustment arrived by TPO in respect of notional interest - ...


CIT(A) Upholds Share Buyback Price, Dismisses TPO's Notional Interest Adjustment Based on NAV Justification (A.

January 18, 2017

Case Laws     Income Tax     AT

Adjustment arrived by TPO in respect of notional interest - buyback of shares - assessee had given justification of the buy-back price by pointing-up the NAV of the investee company on the date of buy-back, which was much lower than buyback price - CIT(A) has made no mistake in deleting the addition - AT

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