TP Adjustment - share application money remained parked with AE ...

Transfer Pricing Officer Wrongly Classifies Share Application Money as Loan, Imposes Notional Interest Without Evidence of Sham Transaction.

July 9, 2019

Case Laws Income Tax HC

TP Adjustment - share application money remained parked with AE - nothing on record to prove that transaction was sham - TPO could not have treated such transaction as a loan and charged interest thereon on notional basis.

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TP Adjustment - share application money remained parked with AE ...

Transfer Pricing Officer Wrongly Classifies Share Application Money as Loan, Imposes Notional Interest Without Evidence of Sham Transaction.

July 9, 2019

Case Laws Income Tax HC

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