https://www.taxtmi.com/caselaws?id=280924 The Tribunal ruled in favor of the assessee regarding the disallowance under Section 14A of the Income Tax Act, stating no disallowance can be made if no exempt income is earned. Additionally, the Tribunal rejected the adjustment to interest income based on the Transfer Pricing Officer's order, allowing the assessee's appeal. Furthermore, the Tribunal decided in favor of the assessee concerning the guarantee fee adjustment, stating that providing a corporate guarantee does not constitute an international transaction. The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals related to the guarantee fee adjustment. en-us Fri, 07 Oct 2016 00:00:00 +0530 Mon, 27 May 2019 06:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280924 The Tribunal ruled in favor of the assessee regarding the disallowance under Section 14A of the Income Tax Act, stating no disallowance can be made if no exempt income is earned. Additionally, the Tribunal rejected the adjustment to interest income based on the Transfer Pricing Officer's order, allowing the assessee's appeal. Furthermore, the Tribunal decided in favor of the assessee concerning the guarantee fee adjustment, stating that providing a corporate guarantee does not constitute an international transaction. The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals related to the guarantee fee adjustment. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280924