3 results for “transfer pricing”+ Section 253(1)clear
Sorted by relevance
Bench: Shri B. R. Baskaran & Shri Sandeep Gosain
transferred share application money to the assessee. Accordingly, he disallowed the interest claim of Rs. 3.00 crores made in A.Y 2013-14. The assessee had claimed interest expenditure of Rs.11.94 crores against the loan taken from M/s Adarsh Credit Co-operative Society Ltd in AY 2014-15. The AO disallowed interest expenditure of Rs. 11.94 crores on the very same