https://www.taxtmi.com/caselaws?id=284536 The appeal was partly allowed with specific directions and remittals provided for certain issues. The Tribunal rejected the assessee's objections to the Transfer Pricing Adjustment and initiation of penalty proceedings. However, the Tribunal partially allowed the appeal regarding the method adopted by the Transfer Pricing Officer, corporate guarantee as an international transaction, advances to subsidiary companies, and interest on outstanding receivables. The Tribunal's decision was pronounced on 11th May 2018. en-us Fri, 11 May 2018 00:00:00 +0530 Mon, 25 Nov 2019 09:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284536 The appeal was partly allowed with specific directions and remittals provided for certain issues. The Tribunal rejected the assessee's objections to the Transfer Pricing Adjustment and initiation of penalty proceedings. However, the Tribunal partially allowed the appeal regarding the method adopted by the Transfer Pricing Officer, corporate guarantee as an international transaction, advances to subsidiary companies, and interest on outstanding receivables. The Tribunal's decision was pronounced on 11th May 2018. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284536