https://www.taxtmi.com/caselaws?id=368161 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The determination of Arm's Length Price for interest charged on advances to the subsidiary company was deemed acceptable as it exceeded the LIBOR rate, consistent with previous court decisions. Additionally, the corporate guarantee fee charged was not considered an international transaction, leading to no adjustment being required. The Tribunal's ruling affirmed the decisions of the CIT(A) in both matters. en-us Fri, 28 Sep 2018 00:00:00 +0530 Mon, 01 Oct 2018 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368161 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The determination of Arm's Length Price for interest charged on advances to the subsidiary company was deemed acceptable as it exceeded the LIBOR rate, consistent with previous court decisions. Additionally, the corporate guarantee fee charged was not considered an international transaction, leading to no adjustment being required. The Tribunal's ruling affirmed the decisions of the CIT(A) in both matters. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368161