https://www.taxtmi.com/caselaws?id=280263 The Tribunal allowed the appeal in part. It directed the AO to compute the guarantee fees at 0.9% for the guarantee provided to the foreign subsidiary. The Tribunal also instructed the AO to calculate the interest on the loan to the AE based on market-determined rates applicable to the repayment currency. Additionally, the Tribunal found that the AO misinterpreted the law regarding deduction and depreciation claims, and the matter was sent back to the AO for reconsideration, allowing the assessee a fresh opportunity. The decision was announced on 31/07/2018. en-us Tue, 31 Jul 2018 00:00:00 +0530 Sat, 27 Apr 2019 06:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280263 The Tribunal allowed the appeal in part. It directed the AO to compute the guarantee fees at 0.9% for the guarantee provided to the foreign subsidiary. The Tribunal also instructed the AO to calculate the interest on the loan to the AE based on market-determined rates applicable to the repayment currency. Additionally, the Tribunal found that the AO misinterpreted the law regarding deduction and depreciation claims, and the matter was sent back to the AO for reconsideration, allowing the assessee a fresh opportunity. The decision was announced on 31/07/2018. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280263