https://www.taxtmi.com/caselaws?id=259521 HC dismissed revenue's appeals. It upheld ITAT's reduction of the s.14A disallowance to Rs.1,00,000 (from Rs.20,27,896), finding the Tribunal's fact-based conclusion justified and noting the assessee was not bound by an ad hoc acceptance of Rs.4,47,649. HC also sustained ITAT's deletion of the TP adjustment for guarantee commission, holding comparisons relied on by the TPO (commercial bank guarantees) were inapposite to a corporate guarantee issued by a holding company for its subsidiary. No substantial question of law arose; decision favored the assessee. en-us Fri, 08 May 2015 00:00:00 +0530 Thu, 18 Sep 2025 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259521 HC dismissed revenue's appeals. It upheld ITAT's reduction of the s.14A disallowance to Rs.1,00,000 (from Rs.20,27,896), finding the Tribunal's fact-based conclusion justified and noting the assessee was not bound by an ad hoc acceptance of Rs.4,47,649. HC also sustained ITAT's deletion of the TP adjustment for guarantee commission, holding comparisons relied on by the TPO (commercial bank guarantees) were inapposite to a corporate guarantee issued by a holding company for its subsidiary. No substantial question of law arose; decision favored the assessee. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259521