https://www.taxtmi.com/caselaws?id=342981 The appellant's appeal was partly allowed by the Tribunal, setting aside additions and disallowances by the Assessing Officer (AO) and Transfer Pricing Officer (TPO). The Tribunal disagreed with the TPO's adoption of the Resale Price Method for determining the arm's length price, directing a reevaluation using the Transaction Net Margin Method. Additionally, the Tribunal reduced the corporate guarantee fee rate, disallowed overhead expenses under section 14A but allowed the deduction of interest expenditure, approved the write-off of a BCCI advance as a revenue expenditure, and remanded the treatment of structured interest swap loss for further consideration. The Tribunal addressed concerns of natural justice in the appeal dismissal by the CIT(A). en-us Fri, 05 May 2017 00:00:00 +0530 Tue, 16 May 2017 20:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342981 The appellant's appeal was partly allowed by the Tribunal, setting aside additions and disallowances by the Assessing Officer (AO) and Transfer Pricing Officer (TPO). The Tribunal disagreed with the TPO's adoption of the Resale Price Method for determining the arm's length price, directing a reevaluation using the Transaction Net Margin Method. Additionally, the Tribunal reduced the corporate guarantee fee rate, disallowed overhead expenses under section 14A but allowed the deduction of interest expenditure, approved the write-off of a BCCI advance as a revenue expenditure, and remanded the treatment of structured interest swap loss for further consideration. The Tribunal addressed concerns of natural justice in the appeal dismissal by the CIT(A). Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342981