https://www.taxtmi.com/caselaws?id=348044 The Tribunal allowed the appeal filed by the assessee, directing the deletion of both the Transfer Pricing adjustments and the disallowance under Section 14A. The Tribunal held that no income arose from interest-free loans, thus the ALP provisions did not apply. Additionally, the corporate guarantee was deemed not an international transaction, warranting no ALP adjustment. Regarding Section 14A, the Tribunal noted the interest-free funds exceeded investments, leading to the deletion of the disallowance. en-us Tue, 25 Jul 2017 00:00:00 +0530 Fri, 15 Sep 2017 09:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348044 The Tribunal allowed the appeal filed by the assessee, directing the deletion of both the Transfer Pricing adjustments and the disallowance under Section 14A. The Tribunal held that no income arose from interest-free loans, thus the ALP provisions did not apply. Additionally, the corporate guarantee was deemed not an international transaction, warranting no ALP adjustment. Regarding Section 14A, the Tribunal noted the interest-free funds exceeded investments, leading to the deletion of the disallowance. Case-Laws Income Tax Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348044