https://www.taxtmi.com/caselaws?id=469674 An investment in redeemable preference shares of an associated enterprise could not be re-characterised as an interest-free loan for transfer pricing purposes absent material showing a sham transaction; the Tribunal followed earlier year rulings and jurisdictional High Court authority, and the adjustment was deleted. Employees' contribution to provident fund deposited after the welfare-law due date remained inadmissible under section 36(1)(va) notwithstanding payment before the return-filing date, following Checkmate Services Pvt. Ltd.; the disallowance was upheld. The appeal therefore succeeded on the transfer pricing ground and failed on the provident fund issue, with remaining grounds treated as consequential or premature. en-us Fri, 06 Jan 2023 00:00:00 +0530 Sat, 27 Jun 2026 13:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469674 An investment in redeemable preference shares of an associated enterprise could not be re-characterised as an interest-free loan for transfer pricing purposes absent material showing a sham transaction; the Tribunal followed earlier year rulings and jurisdictional High Court authority, and the adjustment was deleted. Employees' contribution to provident fund deposited after the welfare-law due date remained inadmissible under section 36(1)(va) notwithstanding payment before the return-filing date, following Checkmate Services Pvt. Ltd.; the disallowance was upheld. The appeal therefore succeeded on the transfer pricing ground and failed on the provident fund issue, with remaining grounds treated as consequential or premature. Case-Laws Income Tax Fri, 06 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469674