https://www.taxtmi.com/caselaws?id=379609 The Tribunal upheld the Commissioner's decision to allow the deduction under section 80IB of the Income-tax Act for the assessment years in question, based on previous favorable rulings. Regarding the determination of the arm's length price of the corporate guarantee fee, the Tribunal supported the 0.5% per annum rate set by the Commissioner (Appeals) in line with judicial precedents. The appeals by the Revenue were dismissed, affirming the allowance of deduction and the arm's length price determination for both assessment years. en-us Tue, 30 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379609 The Tribunal upheld the Commissioner's decision to allow the deduction under section 80IB of the Income-tax Act for the assessment years in question, based on previous favorable rulings. Regarding the determination of the arm's length price of the corporate guarantee fee, the Tribunal supported the 0.5% per annum rate set by the Commissioner (Appeals) in line with judicial precedents. The appeals by the Revenue were dismissed, affirming the allowance of deduction and the arm's length price determination for both assessment years. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379609