{"id":1110,"date":"2018-05-31T13:14:54","date_gmt":"2018-05-31T13:14:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/tooltech-global-engineering-p-ltd-v-acit-2018-254-taxman-241-bom-hc\/"},"modified":"2018-05-31T13:14:54","modified_gmt":"2018-05-31T13:14:54","slug":"tooltech-global-engineering-p-ltd-v-acit-2018-254-taxman-241-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/tooltech-global-engineering-p-ltd-v-acit-2018-254-taxman-241-bom-hc\/","title":{"rendered":"Tooltech Global Engineering (P.) Ltd. v. ACIT (2018) 254 Taxman 241 (Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Court held that ;\u00a0 Assessee not disputed that transaction is international\u00a0 transaction however disputed only on notional addition on the ground that only real income be taxed. Therefore, interest income earned on such loans and advances has to be reworked to determine Arms Length Price.\u00a0(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92B : Transfer pricing \u2013 International transaction- Interest income on loans and advances- Assessee not disputed that transaction is international  transaction however disputed only on notional addition on the ground that only real income be taxed .[ S.92C ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1110","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-hU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1110"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1110\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}