2020 (1) TMI 1136

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..... 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 .....

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..... as arisen out of the order of the tribunal dated 14 September 2018 in ITA 2225/Kol/2017 for the assessment year 2013-14. Interest free funds were advanced by the assessee out of its own resource to its wholly owned subsidiary. It was in the nature of quasiequity with the principal objective of protecting the interest of the assessee. The corporate guarantee provided by the assessee would not be .....

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