Case Law Details
Case Name : Parle Biscuits (P.) Ltd. Vs DCIT (ITAT Mumbai)
Appeal Number : I.T.A. No. 9010 (MUM.) of 2010
Date of Judgement/Order : 11/04/2014
Related Assessment Year : 2006- 2007
Courts :
All ITAT ITAT Mumbai
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Assessee argued that the clear transactions involving payment of share application money cannot be treated as international transactions of loans given by the assessee company to its AE merely because there was a delay in allotment of shares. It is observed that this contention of the ld. Counsel for the assessee is
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