https://www.taxtmi.com/caselaws?id=778292 ITAT MUMBAI upheld the CIT(A)'s decision, rejecting the TPO's higher share valuation based on alleged premium on issue to a foreign associated enterprise. Following Bombay HC precedents and CBDT instructions, the tribunal held the premium constituted a capital transaction, not taxable income of the assessee, and found no infirmity in the appellate order. The assessment adjustment was therefore disallowed and the appeal decided against the revenue. en-us Tue, 19 Aug 2025 00:00:00 +0530 Sat, 13 Sep 2025 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778292 ITAT MUMBAI upheld the CIT(A)'s decision, rejecting the TPO's higher share valuation based on alleged premium on issue to a foreign associated enterprise. Following Bombay HC precedents and CBDT instructions, the tribunal held the premium constituted a capital transaction, not taxable income of the assessee, and found no infirmity in the appellate order. The assessment adjustment was therefore disallowed and the appeal decided against the revenue. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778292