Share Transfer At Cost To Parent Company Not A Sham

IN THE ITAT MUMBAI BENCH ‘E’ Euro RSCG Advertising (P.) Ltd. V/s. Assistant Commissioner of Income-tax, Circle-6(2) IT Appeal NO. 4306 (MUM.) of 2011 [ASSESSMENT YEAR 2007-08] JULY 11, 2012 ORDER Amit Shukla, Judicial Member This appeal has been filed by the assessee against order dated 25-3-2011, passed by the CIT(A)-12, Mumbai for the quantum of assessment passed under Section 143(3) for the assessment year 2007-08. 2. The assessee has raised two grounds of appeal with various sub grounds. In ground No. 1, the assessee has challenged the disallowance of Rs. 81,39...