https://www.taxtmi.com/caselaws?id=342169 The Tribunal granted a stay on the collection/recovery of disputed tax demands totaling Rs. 837.84 crores for the assessment year 2012-13 pending appeal. The primary issue involved an arm's length price adjustment of Rs. 1,588.85 crores due to the termination of call options, with the Tribunal determining that the assessee should have been compensated adequately. Additionally, disallowances on depreciation of goodwill, under section 14A, and entrance fees to club and subscription fees were contested. The Tribunal found prima facie merits in the appeal and granted the stay with specific conditions, including a phased deposit by the assessee and cooperation for an expedited appeal process. en-us Wed, 15 Mar 2017 00:00:00 +0530 Tue, 25 Apr 2017 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342169 The Tribunal granted a stay on the collection/recovery of disputed tax demands totaling Rs. 837.84 crores for the assessment year 2012-13 pending appeal. The primary issue involved an arm's length price adjustment of Rs. 1,588.85 crores due to the termination of call options, with the Tribunal determining that the assessee should have been compensated adequately. Additionally, disallowances on depreciation of goodwill, under section 14A, and entrance fees to club and subscription fees were contested. The Tribunal found prima facie merits in the appeal and granted the stay with specific conditions, including a phased deposit by the assessee and cooperation for an expedited appeal process. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342169