https://www.taxtmi.com/caselaws?id=360532 The High Court of Gujarat ruled in a Tax Appeal concerning the taxation of an assessee for capital gains under transfer pricing provisions. The Court upheld the Tribunal's decision, imposing a tax liability of approximately Rs. 507.74 Crores. The assessee was required to deposit Rs. 100 Crores, comprising the initial deposit of Rs. 76.87 Crores and an additional Rs. 23.13 Crores, to stay further coercive recovery. The Court also confirmed the effectiveness of the Corporate Guarantee provided by the parent company to cover the outstanding tax amount. The case highlighted the complexities surrounding the taxation of capital gains under transfer pricing provisions. en-us Wed, 21 Mar 2018 00:00:00 +0530 Thu, 17 May 2018 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360532 The High Court of Gujarat ruled in a Tax Appeal concerning the taxation of an assessee for capital gains under transfer pricing provisions. The Court upheld the Tribunal's decision, imposing a tax liability of approximately Rs. 507.74 Crores. The assessee was required to deposit Rs. 100 Crores, comprising the initial deposit of Rs. 76.87 Crores and an additional Rs. 23.13 Crores, to stay further coercive recovery. The Court also confirmed the effectiveness of the Corporate Guarantee provided by the parent company to cover the outstanding tax amount. The case highlighted the complexities surrounding the taxation of capital gains under transfer pricing provisions. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360532