https://www.taxtmi.com/caselaws?id=373680 The taxpayer's appeal was allowed for statistical purposes, with directions for the Transfer Pricing Officer (TPO) to re-benchmark the corporate guarantee transaction and reconsider the interest payment adjustment, providing an opportunity for the taxpayer to be heard. The TPO was directed to revise the corporate guarantee commission rate and corresponding adjustment. Additionally, the Assessing Officer (AO) was instructed to recalculate the disallowance under section 14A in accordance with relevant case law, ensuring it did not exceed the exempt income received. en-us Tue, 15 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373680 The taxpayer's appeal was allowed for statistical purposes, with directions for the Transfer Pricing Officer (TPO) to re-benchmark the corporate guarantee transaction and reconsider the interest payment adjustment, providing an opportunity for the taxpayer to be heard. The TPO was directed to revise the corporate guarantee commission rate and corresponding adjustment. Additionally, the Assessing Officer (AO) was instructed to recalculate the disallowance under section 14A in accordance with relevant case law, ensuring it did not exceed the exempt income received. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373680