https://www.taxtmi.com/caselaws?id=353926 The appeal filed by the assessee was partly allowed, with the Tribunal reducing the corporate guarantee fee rate from 1.75% to 0.50%. The disallowance of interest under Section 36(1)(iii) was overturned in favor of the assessee based on commercial expediency. The issue related to unmatched amounts in Form 26AS was partially allowed for further verification. The Tribunal directed the AO to grant appropriate TDS credit. The levy of interest under Section 234B was not adjudicated, and the penalty under Section 271(1)(c) was dismissed as premature. The AO's appeal against the reduction of the corporate guarantee rate was also dismissed. en-us Wed, 03 Jan 2018 00:00:00 +0530 Mon, 15 Jan 2018 07:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353926 The appeal filed by the assessee was partly allowed, with the Tribunal reducing the corporate guarantee fee rate from 1.75% to 0.50%. The disallowance of interest under Section 36(1)(iii) was overturned in favor of the assessee based on commercial expediency. The issue related to unmatched amounts in Form 26AS was partially allowed for further verification. The Tribunal directed the AO to grant appropriate TDS credit. The levy of interest under Section 234B was not adjudicated, and the penalty under Section 271(1)(c) was dismissed as premature. The AO's appeal against the reduction of the corporate guarantee rate was also dismissed. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353926