https://www.taxtmi.com/caselaws?id=385669 The Tribunal ruled in favor of the assessee on various issues, including the performance guarantee not qualifying as an international transaction, no adjustment needed to the Arm's Length Price for the guarantee, the guarantee commission recovered from the AE being at arm's length, depreciation allowed on the actual cost of assets, mark-to-market loss on foreign exchange contracts considered an accrued loss, and provision for doubtful debts and advances being deductible. The Tribunal emphasized adherence to legal definitions and conditions, upholding the CIT(A)'s decisions and partly allowing the revenue's appeal on procedural grounds. en-us Wed, 10 Jul 2019 00:00:00 +0530 Wed, 11 Sep 2019 07:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385669 The Tribunal ruled in favor of the assessee on various issues, including the performance guarantee not qualifying as an international transaction, no adjustment needed to the Arm's Length Price for the guarantee, the guarantee commission recovered from the AE being at arm's length, depreciation allowed on the actual cost of assets, mark-to-market loss on foreign exchange contracts considered an accrued loss, and provision for doubtful debts and advances being deductible. The Tribunal emphasized adherence to legal definitions and conditions, upholding the CIT(A)'s decisions and partly allowing the revenue's appeal on procedural grounds. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385669