Live Help
Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 

Mere buy-back of shares at issue price couldn't be held as interest-free loans in garb of investment in subsidiary

February 10, 2017[2017] 78 taxmann.com 45 (Mumbai - Trib.)
198 Views

IT/ILT : Where assessee-company received certain amount from its wholly owned foreign subsidiary on account of buy-back of shares, since assessee had given ample justification of buy back price by pointing out NAV of investee company on date of buy-back, which was much lower than buy-back price, TPO was not justified in considering aforesaid transaction as sham and making addition of notional interest on amount in question

read more

taxmann.com
Payment
Best view in 1140 x 768