https://www.taxtmi.com/caselaws?id=382380 The Tribunal allowed the assessee's appeal in a transfer pricing case involving re-characterization of equity shares as a loan to an associated enterprise. The Tribunal held that the premium shortfall for shares cannot be treated as a deemed loan, following the decision in Vodafone India Services Pvt. Ltd. v/s Union of India & Ors. Additionally, the Tribunal addressed comparability issues in transfer pricing adjustments for investment advisory and information technology enabled services, partially allowing the appeals for the assessee. The issue of interest levy under sections 234B and 234D was deemed consequential and not adjudicated. en-us Wed, 19 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382380 The Tribunal allowed the assessee's appeal in a transfer pricing case involving re-characterization of equity shares as a loan to an associated enterprise. The Tribunal held that the premium shortfall for shares cannot be treated as a deemed loan, following the decision in Vodafone India Services Pvt. Ltd. v/s Union of India & Ors. Additionally, the Tribunal addressed comparability issues in transfer pricing adjustments for investment advisory and information technology enabled services, partially allowing the appeals for the assessee. The issue of interest levy under sections 234B and 234D was deemed consequential and not adjudicated. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382380