https://www.taxtmi.com/caselaws?id=281047 The Tribunal held that the transfer pricing adjustment on corporate guarantee fees was not valid in law as there was no diversion of profits out of India and the assessee did not incur any cost in providing the guarantee. The Assessing Officer was directed to delete the additions related to transfer pricing adjustments concerning corporate guarantee fees for the assessment years in question. Consequently, the Revenue's appeals were dismissed, and the cross objections of the assessee were allowed. en-us Thu, 17 May 2018 00:00:00 +0530 Thu, 02 Jan 2020 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281047 The Tribunal held that the transfer pricing adjustment on corporate guarantee fees was not valid in law as there was no diversion of profits out of India and the assessee did not incur any cost in providing the guarantee. The Assessing Officer was directed to delete the additions related to transfer pricing adjustments concerning corporate guarantee fees for the assessment years in question. Consequently, the Revenue's appeals were dismissed, and the cross objections of the assessee were allowed. Case-Laws Income Tax Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281047