https://www.taxtmi.com/caselaws?id=289475 The Tribunal partially allowed the appeal by directing the AO to recalculate the arm's length interest on loans using LIBOR plus 1%, removing the adjustment for notional guarantee fees, and eliminating the disallowance of interest expenses under Section 14A amounting to Rs. 18,42,035. Additionally, the disallowance of advances treated as bad debts was also overturned. en-us Wed, 30 Nov 2016 00:00:00 +0530 Sat, 01 Aug 2020 15:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289475 The Tribunal partially allowed the appeal by directing the AO to recalculate the arm's length interest on loans using LIBOR plus 1%, removing the adjustment for notional guarantee fees, and eliminating the disallowance of interest expenses under Section 14A amounting to Rs. 18,42,035. Additionally, the disallowance of advances treated as bad debts was also overturned. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289475