https://www.taxtmi.com/caselaws?id=753747 Share application money could not be re-characterised as a loan for charging interest where the facts were identical to the assessee's earlier year, so the transfer-pricing adjustment was deleted. Employees' contribution to PF and ESIC turned on verification of the claimed grace period, and the matter was sent back for factual examination with relief available if payment was timely. No disallowance under section 14A was called for in the absence of exempt income, and such an adjustment could not be added to book profit under section 115JB, so that addition was deleted. Short TDS credit and interest under sections 234B and 234C were also remitted for fresh verification. en-us Mon, 15 Jan 2024 00:00:00 +0530 Thu, 13 Jun 2024 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753747 Share application money could not be re-characterised as a loan for charging interest where the facts were identical to the assessee's earlier year, so the transfer-pricing adjustment was deleted. Employees' contribution to PF and ESIC turned on verification of the claimed grace period, and the matter was sent back for factual examination with relief available if payment was timely. No disallowance under section 14A was called for in the absence of exempt income, and such an adjustment could not be added to book profit under section 115JB, so that addition was deleted. Short TDS credit and interest under sections 234B and 234C were also remitted for fresh verification. Case-Laws Income Tax Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753747