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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

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


Court Supports Removal of Notional Interest Charge on Share Application Money Advanced to Subsidiary by Assessee.

July 6, 2020

Case Laws     Income Tax     AT

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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