https://www.taxtmi.com/caselaws?id=178308 The Tribunal allowed the appeal of the assessee, deleting the transfer pricing adjustment of Rs. 122.62 crore and the notional interest addition of Rs. 7.69 crore. The appeal filed by the AO was dismissed. The judgment emphasized that capital receipts on the issue of shares cannot be considered income and that transfer pricing provisions do not apply to such transactions. The Tribunal followed the precedent set by the Bombay High Court in the VISPL case. en-us Thu, 11 Dec 2014 00:00:00 +0530 Tue, 02 Feb 2016 20:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178308 The Tribunal allowed the appeal of the assessee, deleting the transfer pricing adjustment of Rs. 122.62 crore and the notional interest addition of Rs. 7.69 crore. The appeal filed by the AO was dismissed. The judgment emphasized that capital receipts on the issue of shares cannot be considered income and that transfer pricing provisions do not apply to such transactions. The Tribunal followed the precedent set by the Bombay High Court in the VISPL case. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178308