https://www.taxtmi.com/caselaws?id=360692 The Tribunal allowed the appeal of the assessee, GVK Power & Infrastructure Limited, deleting transfer pricing adjustments related to corporate guarantee commission and notional interest on outstanding amounts from Associated Enterprises. The disallowance of sponsorship expenses and legal and professional charges was also overturned. The matter of disallowance under Section 14A was remitted back to the Assessing Officer for reconsideration. The appeal was partly allowed on various grounds, with the order pronounced on 18th May 2018. en-us Fri, 18 May 2018 00:00:00 +0530 Sat, 19 May 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360692 The Tribunal allowed the appeal of the assessee, GVK Power & Infrastructure Limited, deleting transfer pricing adjustments related to corporate guarantee commission and notional interest on outstanding amounts from Associated Enterprises. The disallowance of sponsorship expenses and legal and professional charges was also overturned. The matter of disallowance under Section 14A was remitted back to the Assessing Officer for reconsideration. The appeal was partly allowed on various grounds, with the order pronounced on 18th May 2018. Case-Laws Income Tax Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360692