https://www.taxtmi.com/caselaws?id=375889 The Court upheld the Tribunal's decision to reject the adjustment of excess money paid for acquiring shares, citing the Vodafone case and emphasizing that transfer pricing provisions did not apply as the investment in shares was on a capital account. The Court also dismissed the interest adjustment issue related to a deemed loan transaction as it was contingent on the first issue and did not raise substantial legal questions. The appeal was ultimately dismissed, with no costs awarded. en-us Wed, 20 Feb 2019 00:00:00 +0530 Sat, 31 Aug 2019 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375889 The Court upheld the Tribunal's decision to reject the adjustment of excess money paid for acquiring shares, citing the Vodafone case and emphasizing that transfer pricing provisions did not apply as the investment in shares was on a capital account. The Court also dismissed the interest adjustment issue related to a deemed loan transaction as it was contingent on the first issue and did not raise substantial legal questions. The appeal was ultimately dismissed, with no costs awarded. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375889