https://www.taxtmi.com/highlights?id=46074 TP adjustment - disallowance of interest - characterizing the share application money to associate enterprises as interest free advance - onus is upon the AO to prove that it is an international transaction of capital financing - Such a presumption cannot change the character of transaction en-us Wed, 24 Apr 2019 09:14:03 +0530 Wed, 24 Apr 2019 09:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46074 TP adjustment - disallowance of interest - characterizing the share application money to associate enterprises as interest free advance - onus is upon the AO to prove that it is an international transaction of capital financing - Such a presumption cannot change the character of transaction Highlights Income Tax Wed, 24 Apr 2019 09:14:03 +0530 https://www.taxtmi.com/highlights?id=46074