https://www.taxtmi.com/caselaws?id=333392 The appeal filed by the assessee was partly allowed, with the Hon'ble Bombay High Court upholding the Tribunal's decision to delete the addition on account of guarantee commission. The Tribunal held that the DRP was not justified in confirming the addition made by the AO, deciding this ground in favor of the assessee. Additionally, the Tribunal directed the AO to recompute the arm's length rate for interest charged to AEs at LIBOR + 2%. The appeal filed by the AO was dismissed. en-us Fri, 07 Oct 2016 00:00:00 +0530 Wed, 12 Oct 2016 17:13:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333392 The appeal filed by the assessee was partly allowed, with the Hon'ble Bombay High Court upholding the Tribunal's decision to delete the addition on account of guarantee commission. The Tribunal held that the DRP was not justified in confirming the addition made by the AO, deciding this ground in favor of the assessee. Additionally, the Tribunal directed the AO to recompute the arm's length rate for interest charged to AEs at LIBOR + 2%. The appeal filed by the AO was dismissed. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333392