https://www.taxtmi.com/caselaws?id=289199 The Tribunal partially allowed the appeal, favoring the assessee on various grounds including adjusting the arm's length price of the corporate guarantee fee, treating interest subsidy as a capital receipt, and excluding it from book profit under section 115JB. The Tribunal also directed verification and adjustments by the Assessing Officer on other issues such as interest on interest-free loans and disallowances under section 14A. The judgment stressed the importance of following precedents and applying legal principles correctly in transfer pricing and tax assessments. en-us Fri, 26 Jul 2019 00:00:00 +0530 Tue, 21 Jul 2020 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289199 The Tribunal partially allowed the appeal, favoring the assessee on various grounds including adjusting the arm's length price of the corporate guarantee fee, treating interest subsidy as a capital receipt, and excluding it from book profit under section 115JB. The Tribunal also directed verification and adjustments by the Assessing Officer on other issues such as interest on interest-free loans and disallowances under section 14A. The judgment stressed the importance of following precedents and applying legal principles correctly in transfer pricing and tax assessments. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289199