https://www.taxtmi.com/caselaws?id=373511 The High Court upheld the Tribunal's decisions in a tax case involving transfer pricing adjustments on a corporate guarantee and deductions for R&D expenses allocation. The Court dismissed the Revenue's appeal, affirming that the Arm's Length Price cannot be determined based on a Bank Guarantee. Regarding R&D expenses, the Court emphasized that expenses must be allocated correctly to units where they were incurred, directing further examination by the Assessing Officer. The decision highlighted the significance of adhering to tax laws and ensuring accurate allocation of expenses for deductions. en-us Mon, 10 Dec 2018 00:00:00 +0530 Tue, 15 Oct 2019 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373511 The High Court upheld the Tribunal's decisions in a tax case involving transfer pricing adjustments on a corporate guarantee and deductions for R&D expenses allocation. The Court dismissed the Revenue's appeal, affirming that the Arm's Length Price cannot be determined based on a Bank Guarantee. Regarding R&D expenses, the Court emphasized that expenses must be allocated correctly to units where they were incurred, directing further examination by the Assessing Officer. The decision highlighted the significance of adhering to tax laws and ensuring accurate allocation of expenses for deductions. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373511