https://www.taxtmi.com/caselaws?id=210051 The ruling determined that the proposed transfer of shares by Goodyear Tire & Rubber Company to Goodyear Orient Company (Private) Limited without consideration does not attract tax liability under Section 45 read with Section 48 of the Income Tax Act, 1961. Additionally, the transfer pricing provisions under Sections 92 to 92F are deemed inapplicable due to the absence of income from the transfer. Consequently, there is no obligation to deduct tax under Section 195 of the Act, and Goodyear Orient Company is not liable to tax under Section 56(2)(viia). en-us Mon, 02 May 2011 00:00:00 +0530 Fri, 24 Aug 2018 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210051 The ruling determined that the proposed transfer of shares by Goodyear Tire & Rubber Company to Goodyear Orient Company (Private) Limited without consideration does not attract tax liability under Section 45 read with Section 48 of the Income Tax Act, 1961. Additionally, the transfer pricing provisions under Sections 92 to 92F are deemed inapplicable due to the absence of income from the transfer. Consequently, there is no obligation to deduct tax under Section 195 of the Act, and Goodyear Orient Company is not liable to tax under Section 56(2)(viia). Case-Laws Income Tax Mon, 02 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210051