https://www.taxtmi.com/caselaws?id=388108 The Tribunal partially allowed the appeal of the assessee by directing the deletion of the addition related to the corporate guarantee commission and considering the interest earned on Escrow Accounts as part of the shipping business income. The Tribunal found that the corporate guarantee did not warrant a transfer pricing adjustment as no guarantee commission was payable according to the sanction letter. Additionally, the interest income on Escrow Accounts was deemed linked to the shipping business and not taxable as non-tonnage income. en-us Wed, 16 Oct 2019 00:00:00 +0530 Fri, 08 Nov 2019 08:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388108 The Tribunal partially allowed the appeal of the assessee by directing the deletion of the addition related to the corporate guarantee commission and considering the interest earned on Escrow Accounts as part of the shipping business income. The Tribunal found that the corporate guarantee did not warrant a transfer pricing adjustment as no guarantee commission was payable according to the sanction letter. Additionally, the interest income on Escrow Accounts was deemed linked to the shipping business and not taxable as non-tonnage income. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388108