https://www.taxtmi.com/caselaws?id=261698 The Tribunal allowed the appeal filed by the assessee against the assessment order for AY 2010-11, challenging the addition on account of adjustment in the arm's length price for international transactions related to issuing shares to the parent holding company. Relying on precedents and the judgment of the High Court, the Tribunal held that capital receipts from issuing shares at a premium to a holding company are not taxable under the Income Tax Act. Consequently, the transfer pricing adjustment was deemed invalid, and the addition was directed to be deleted, resulting in a favorable outcome for the assessee. en-us Fri, 10 Jul 2015 00:00:00 +0530 Mon, 20 Jul 2015 09:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261698 The Tribunal allowed the appeal filed by the assessee against the assessment order for AY 2010-11, challenging the addition on account of adjustment in the arm's length price for international transactions related to issuing shares to the parent holding company. Relying on precedents and the judgment of the High Court, the Tribunal held that capital receipts from issuing shares at a premium to a holding company are not taxable under the Income Tax Act. Consequently, the transfer pricing adjustment was deemed invalid, and the addition was directed to be deleted, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261698