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2020 (1) TMI 1136 - HC - Income TaxTP Adjustment - Interest free funds were advanced by the assessee out of its own resource to its wholly owned subsidiary - nature of quasiequity with the principal objective of protecting the interest of the assessee - Corporate guarantee provided by the assessee would not be invoked when the advance was converted into equity - Whether any transfer pricing adjustment by way of interest income can be made with respect to those allegedly interest free funds advanced by the assessee to its subsidiary? HELD THAT:- The appeal be heard out on the above substantial question of law. As the respondent is represented by learned counsel, issuance and service of notice of the appeal is waived. The advocate-on-record for the appellant will file informal paper books by 3rd February 2020, serving at least one copy on the advocate-on-record for the respondent not later than three days before the date of hearing of this appeal. List the appeal for hearing in the monthly list of March, 2020.
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