https://www.taxtmi.com/caselaws?id=274163 The Tribunal upheld the transfer pricing adjustments on corporate guarantees, outstanding dues from associated enterprises, and loans advanced to AEs. It allowed additional grounds related to transfer pricing adjustments but directed further examination of fresh grounds by the DRP or AO. The Tribunal criticized the AO for not following the DRP's direction in computing book profits under Section 115JB and directed exclusion of certain expenses for deduction under Section 10A. The issue of amalgamation loss adjustment was referred back to the DRP, while the disallowance of lease charges was upheld. The Tribunal emphasized the mandatory nature of interest computation under Section 234C, ensuring compliance with legal standards and precedents. en-us Mon, 31 Oct 2016 00:00:00 +0530 Wed, 29 Apr 2026 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274163 The Tribunal upheld the transfer pricing adjustments on corporate guarantees, outstanding dues from associated enterprises, and loans advanced to AEs. It allowed additional grounds related to transfer pricing adjustments but directed further examination of fresh grounds by the DRP or AO. The Tribunal criticized the AO for not following the DRP's direction in computing book profits under Section 115JB and directed exclusion of certain expenses for deduction under Section 10A. The issue of amalgamation loss adjustment was referred back to the DRP, while the disallowance of lease charges was upheld. The Tribunal emphasized the mandatory nature of interest computation under Section 234C, ensuring compliance with legal standards and precedents. Case-Laws Income Tax Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274163