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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

TP Adjustment - Interest charged on the average share ...

Case Laws     Income Tax

July 6, 2020

TP Adjustment - Interest charged on the average share application money advanced by the assessee to the AE - we uphold the deletion of the addition that was made by the A.O/TPO towards charging of notional interest on share application money pending allotment of shares with its wholly owned subsidiary company

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