https://www.taxtmi.com/caselaws?id=259765 The tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. Specific adjustments were directed, including adopting a 0.5% arm's length guarantee commission charge for the corporate guarantee, determining LIBOR + 2% as the reasonable interest rate for the loan to the associated enterprise, and ruling that share application money should not be treated as a loan. The tribunal upheld the CIT(A)'s decision regarding deduction under Section 10A and dismissed the additional ground raised by the assessee for the current year. en-us Wed, 25 Mar 2015 00:00:00 +0530 Wed, 20 May 2015 22:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259765 The tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. Specific adjustments were directed, including adopting a 0.5% arm's length guarantee commission charge for the corporate guarantee, determining LIBOR + 2% as the reasonable interest rate for the loan to the associated enterprise, and ruling that share application money should not be treated as a loan. The tribunal upheld the CIT(A)'s decision regarding deduction under Section 10A and dismissed the additional ground raised by the assessee for the current year. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259765