https://www.taxtmi.com/caselaws?id=351564 The Tribunal ruled in favor of the Assessee, determining that transactions involving the purchase of shares and providing guarantees are on capital account and not subject to transfer pricing provisions. The Tribunal also found that the guarantee fee charged was at arm's length and allowed the deduction of expenses related to the abandoned IPO as revenue expenditure. The Revenue's appeal was dismissed. en-us Fri, 22 Sep 2017 00:00:00 +0530 Mon, 28 Nov 2022 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351564 The Tribunal ruled in favor of the Assessee, determining that transactions involving the purchase of shares and providing guarantees are on capital account and not subject to transfer pricing provisions. The Tribunal also found that the guarantee fee charged was at arm's length and allowed the deduction of expenses related to the abandoned IPO as revenue expenditure. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351564