https://www.taxtmi.com/caselaws?id=284302 The Tribunal upheld the CIT(A)'s decisions on all four grounds, dismissing the revenue's appeal. The adjustments towards arm's length interest on a loan to an associated enterprise were deemed unjustified as the interest rate charged was considered reasonable. The determination of arm's length price on corporate guarantees and disallowance under Section 14A were also in favor of the assessee. Additionally, the addition towards accrued interest on non-realizable loans was deleted based on the 'real income theory.' en-us Fri, 28 Sep 2018 00:00:00 +0530 Mon, 11 Nov 2019 15:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284302 The Tribunal upheld the CIT(A)'s decisions on all four grounds, dismissing the revenue's appeal. The adjustments towards arm's length interest on a loan to an associated enterprise were deemed unjustified as the interest rate charged was considered reasonable. The determination of arm's length price on corporate guarantees and disallowance under Section 14A were also in favor of the assessee. Additionally, the addition towards accrued interest on non-realizable loans was deleted based on the 'real income theory.' Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284302