Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Stakeholder-list modification permits liquidators to update entries on new information, subject to notifying the Adjudicating Authority within prescri...
Transfer pricing adjustment on international transaction involving payment of guarantee fees to associated enterprise was held unjustified. Assessee demonstrated effective borrowing cost including guarantee fee was lower than bank's quoted interest rate, justifying economic rationale. Tax authorities failed to present compelling evidence against guarantee fee. Benefits of lower interest rates and favorable operating margins substantiated arm's length nature. Tribunal had deleted similar addition previously, upheld by High Court considering consistency in operating margin, benefit of lower borrowing costs compared to bank rates justifying guarantee fee. Present case mirrored facts and circumstances, necessitating consistency in judicial decisions for legal certainty and fairness. TP adjustment made by tax authorities was unjustified, addition on account of guarantee fee payment to associated enterprise was deleted.
Transfer pricing adjustment on international transaction involving payment of guarantee fees to associated enterprise was held unjustified. Assessee demonstrated effective borrowing cost including guarantee fee was lower than bank's quoted interest rate, justifying economic rationale. Tax authorities failed to present compelling evidence against guarantee fee. Benefits of lower interest rates and favorable operating margins substantiated arm's length nature. Tribunal had deleted similar addition previously, upheld by High Court considering consistency in operating margin, benefit of lower borrowing costs compared to bank rates justifying guarantee fee. Present case mirrored facts and circumstances, necessitating consistency in judicial decisions for legal certainty and fairness. TP adjustment made by tax authorities was unjustified, addition on account of guarantee fee payment to associated enterprise was deleted.
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TaxTMI 
TaxTMI 
of 4899 
