https://www.taxtmi.com/caselaws?id=380643 The Tribunal upheld the use of the Transactional Net Margin Method (TNMM) as the most appropriate method for determining arm's length price, dismissing the Revenue's appeal. It concluded that corporate guarantees do not constitute international transactions and do not require a fee, as they are considered shareholder activities. The Tribunal's decision, pronounced on 03.04.2019, affirmed the CIT(A)'s order on all grounds. en-us Wed, 03 Apr 2019 00:00:00 +0530 Sat, 25 May 2019 09:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380643 The Tribunal upheld the use of the Transactional Net Margin Method (TNMM) as the most appropriate method for determining arm's length price, dismissing the Revenue's appeal. It concluded that corporate guarantees do not constitute international transactions and do not require a fee, as they are considered shareholder activities. The Tribunal's decision, pronounced on 03.04.2019, affirmed the CIT(A)'s order on all grounds. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380643