https://www.taxtmi.com/caselaws?id=272742 The tribunal partly allowed the appeal, ruling in favor of the assessee on key issues such as the treatment of corporate guarantees and advances to AE, and the non-charging of interest on receivables. The matter of unabsorbed depreciation loss was remitted back to the AO for verification. The tribunal dismissed the grounds related to the validity of transfer pricing proceedings and draft assessment order, emphasizing the government's duty to ensure tax law compliance. The initiation of penalty proceedings was deemed premature and not adjudicated at that stage. en-us Wed, 27 Sep 2017 00:00:00 +0530 Wed, 16 May 2018 06:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272742 The tribunal partly allowed the appeal, ruling in favor of the assessee on key issues such as the treatment of corporate guarantees and advances to AE, and the non-charging of interest on receivables. The matter of unabsorbed depreciation loss was remitted back to the AO for verification. The tribunal dismissed the grounds related to the validity of transfer pricing proceedings and draft assessment order, emphasizing the government's duty to ensure tax law compliance. The initiation of penalty proceedings was deemed premature and not adjudicated at that stage. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272742