https://www.taxtmi.com/caselaws?id=360601 The High Court upheld the ITAT's decision to delete the Transfer Pricing Adjustment on interest while examining the provisions of section 92C. It also affirmed the deletion of the addition to the Arm's Length Price for a Corporate Guarantee, ruling it did not involve international transactions. The court supported the claim for weighted deduction for Foreign Trade Marks and Patents under section 35(2AB) and addressed the disallowance of provision for leave encashment under section 43B, proposing further proceedings involving the CIT(A) due to time constraints. The judgment provided a comprehensive analysis of the legal issues, guiding the resolution based on applicable laws and precedents. en-us Mon, 23 Apr 2018 00:00:00 +0530 Sat, 19 May 2018 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360601 The High Court upheld the ITAT's decision to delete the Transfer Pricing Adjustment on interest while examining the provisions of section 92C. It also affirmed the deletion of the addition to the Arm's Length Price for a Corporate Guarantee, ruling it did not involve international transactions. The court supported the claim for weighted deduction for Foreign Trade Marks and Patents under section 35(2AB) and addressed the disallowance of provision for leave encashment under section 43B, proposing further proceedings involving the CIT(A) due to time constraints. The judgment provided a comprehensive analysis of the legal issues, guiding the resolution based on applicable laws and precedents. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360601