https://www.taxtmi.com/caselaws?id=331885 Transfer pricing adjustments for royalty and foreign currency loan interest were deleted because the benchmarking ignored material differences, and corporate guarantee fee was held not to be an international transaction. Claims raised through revised computation were held entertainable in appellate proceedings, and deduction under sections 80-IB and 80-IC was allowed for rent and storage charges, exchange gain, insurance receipts, and sale of scrap or by-products, but denied for lease-rent income lacking direct nexus with the eligible business. The section 14A disallowance was found excessive and was restricted to 5% of dividend income, resulting in substantial relief to the assessee. en-us Wed, 18 May 2016 00:00:00 +0530 Mon, 05 Sep 2016 11:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331885 Transfer pricing adjustments for royalty and foreign currency loan interest were deleted because the benchmarking ignored material differences, and corporate guarantee fee was held not to be an international transaction. Claims raised through revised computation were held entertainable in appellate proceedings, and deduction under sections 80-IB and 80-IC was allowed for rent and storage charges, exchange gain, insurance receipts, and sale of scrap or by-products, but denied for lease-rent income lacking direct nexus with the eligible business. The section 14A disallowance was found excessive and was restricted to 5% of dividend income, resulting in substantial relief to the assessee. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331885