Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Page of 4805
Press 'Enter' after typing page number.
1621 to 1640 of 96091 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT held that the assessee, a company director, was not liable for additional tax assessment on share premium. The tribunal rejected revenue's attempt to reassess share valuation, finding no procedural default in the original merchant banker's valuation. The shares issued at Rs. 12,628.20 per unit were deemed appropriately valued under prescribed rules. The tribunal specifically noted that different valuation methodologies cannot be arbitrarily applied when an initial valuation has been correctly determined. Consequently, the revenue's appeal was comprehensively dismissed, upholding the original assessment and protecting the assessee from supplementary tax liability on share issuance.
ITAT held that the assessee, a company director, was not liable for additional tax assessment on share premium. The tribunal rejected revenue's attempt to reassess share valuation, finding no procedural default in the original merchant banker's valuation. The shares issued at Rs. 12,628.20 per unit were deemed appropriately valued under prescribed rules. The tribunal specifically noted that different valuation methodologies cannot be arbitrarily applied when an initial valuation has been correctly determined. Consequently, the revenue's appeal was comprehensively dismissed, upholding the original assessment and protecting the assessee from supplementary tax liability on share issuance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
