https://www.taxtmi.com/caselaws?id=434805 The Tribunal partly allowed the appeal, rejecting the DCF method and accepting the NAV method for determining the arm's length price of shares. The fair market value was set at Rs.112 per share. Additionally, the transfer pricing addition was deleted as secondary adjustment lacked specific provisions in the Act. The disallowance under Section 14A was restricted to the amount of exempt income earned by the Appellant. en-us Wed, 28 Dec 2022 00:00:00 +0530 Fri, 03 Mar 2023 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434805 The Tribunal partly allowed the appeal, rejecting the DCF method and accepting the NAV method for determining the arm's length price of shares. The fair market value was set at Rs.112 per share. Additionally, the transfer pricing addition was deleted as secondary adjustment lacked specific provisions in the Act. The disallowance under Section 14A was restricted to the amount of exempt income earned by the Appellant. Case-Laws Income Tax Wed, 28 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434805