{"id":62810,"date":"2026-07-30T10:26:26","date_gmt":"2026-07-30T04:56:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/brightcom-group-ltd-v-dy-cit-2023-149-taxmann-com-450-2025-129-itr-645-hyd-trib-2\/"},"modified":"2026-07-30T10:26:26","modified_gmt":"2026-07-30T04:56:26","slug":"brightcom-group-ltd-v-dy-cit-2023-149-taxmann-com-450-2025-129-itr-645-hyd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/brightcom-group-ltd-v-dy-cit-2023-149-taxmann-com-450-2025-129-itr-645-hyd-trib-2\/","title":{"rendered":"Brightcom Group Ltd. v. Dy. CIT [2023] 149 taxmann.com 450 \/ (2025) 129 ITR 645 (Hyd.)(Trib.)"},"content":{"rendered":"<p>The Transfer Pricing Officer treated the assessee&#8217;s investment in the equity share capital of its overseas subsidiary as an interest-free loan and made an adjustment by imputing notional interest. The Tribunal held that the investment was made out of internal accruals for business expansion and shares had been allotted against the remittances. Such investment in equity could not be recharacterised as a loan. Accordingly, no arm&#8217;s length adjustment on account of notional interest was called for, and the addition was deleted. <strong>(<\/strong>AY.\u00a0 2010-11 &amp; 2011-12).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92CA: Transfer pricing-Reference to Transfer Pricing Officer-Arm\u2019s Length price-Avoidance of tax-Investment in equity shares of overseas subsidiary-Not an international transaction of loan-No notional interest could be charged. [S. 92B, 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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62810","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gl4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62810","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=62810"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62810\/revisions"}],"predecessor-version":[{"id":62811,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62810\/revisions\/62811"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}