https://www.taxtmi.com/caselaws?id=268044 The Tribunal allowed the appeal partially, ruling in favor of the assessee on all three issues. The adjustment related to the corporate guarantee was deemed unwarranted as it did not impact the assessee's profit or assets. The disallowance of the trade mark license fee was overturned, considering it a legitimate business expense. The disallowance under Section 14A of the Act was remitted for re-examination to assess the legitimacy of the disallowance based on available interest-free funds. The Tribunal provided detailed reasoning and referenced past judgments in its decision, pronounced on August 7, 2015, in Chennai. en-us Fri, 07 Aug 2015 00:00:00 +0530 Tue, 10 Nov 2015 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268044 The Tribunal allowed the appeal partially, ruling in favor of the assessee on all three issues. The adjustment related to the corporate guarantee was deemed unwarranted as it did not impact the assessee's profit or assets. The disallowance of the trade mark license fee was overturned, considering it a legitimate business expense. The disallowance under Section 14A of the Act was remitted for re-examination to assess the legitimacy of the disallowance based on available interest-free funds. The Tribunal provided detailed reasoning and referenced past judgments in its decision, pronounced on August 7, 2015, in Chennai. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268044