https://www.taxtmi.com/caselaws?id=260567 The tribunal allowed the appeal, deleting the addition of Rs. 6.63 crore. It held that issuing shares at a lower value did not generate taxable income, rejecting the interest on deemed loan adjustment. The tribunal followed precedents indicating that transfer pricing adjustments on capital receipts, like share issuance, do not warrant additional taxation. en-us Fri, 05 Jun 2015 00:00:00 +0530 Tue, 16 Jun 2015 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260567 The tribunal allowed the appeal, deleting the addition of Rs. 6.63 crore. It held that issuing shares at a lower value did not generate taxable income, rejecting the interest on deemed loan adjustment. The tribunal followed precedents indicating that transfer pricing adjustments on capital receipts, like share issuance, do not warrant additional taxation. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260567