{"id":48944,"date":"2024-12-16T16:05:33","date_gmt":"2024-12-16T10:35:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-11\/"},"modified":"2024-12-16T16:05:33","modified_gmt":"2024-12-16T10:35:33","slug":"dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-11","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-11\/","title":{"rendered":"Dy. CIT v. Reliance Industries Ltd. (2024)109 ITR 180 (Mum)(Trib)"},"content":{"rendered":"<p>Held, that the transfer pricing adjustment made by imputing interest on share application money had been deleted by the Tribunal in the assessee\u2019s own case in the assessment year 2016-17 on the ground that\u00a0 the amount was refunded before the allotment of preference shares, and\u00a0 the transaction of subscription of preference shares itself was not found to be bogus or sham. Since, the transfer pricing adjustment made in this year was a continuation of earlier year\u2019s action of the Transfer Pricing Officer and since the earlier year\u2019s transfer pricing adjustment had been deleted by the Tribunal, the Assessing Officer is directed\u00a0 to delete the transfer pricing adjustment. (AY.2017-18, 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Avoidance of tax-International transaction-Share application money 1Treated as loan and transfer pricing adjustment made imputing interest-Addition is deleted. <\/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":[21],"tags":[],"class_list":["post-48944","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cJq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48944","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=48944"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48944\/revisions"}],"predecessor-version":[{"id":48945,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48944\/revisions\/48945"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}