https://www.taxtmi.com/caselaws?id=285843 The Tribunal allowed the appeal in part, directing the Assessing Officer to restrict the Transfer Pricing adjustment for guarantee commission and fee for the letter of comfort to 0.5% p.a. based on previous rulings. The Tribunal also directed the deletion of interest disallowance under Section 14A and re-examination of administrative expenses disallowance. Additionally, the Tribunal ordered the deletion of additions made on account of bogus purchases, citing evidence of genuine transactions. The Assessing Officer was instructed to make the necessary adjustments in accordance with the Tribunal's directions. en-us Wed, 26 Jul 2017 00:00:00 +0530 Wed, 29 Jan 2020 18:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285843 The Tribunal allowed the appeal in part, directing the Assessing Officer to restrict the Transfer Pricing adjustment for guarantee commission and fee for the letter of comfort to 0.5% p.a. based on previous rulings. The Tribunal also directed the deletion of interest disallowance under Section 14A and re-examination of administrative expenses disallowance. Additionally, the Tribunal ordered the deletion of additions made on account of bogus purchases, citing evidence of genuine transactions. The Assessing Officer was instructed to make the necessary adjustments in accordance with the Tribunal's directions. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285843