https://www.taxtmi.com/caselaws?id=397247 The ITAT partly allowed both appeals in a transfer pricing case involving adjustments to arm's length prices of corporate guarantees and interest rates on loans to associated enterprises. The ITAT found in favor of the assessee on the arm's length pricing of guarantees and interest rates, reducing adjustments made by the TPO and DRP. The ITAT also addressed issues related to levy of interest under various sections of the Act, penalty proceedings initiation, and additions due to discrepancies in interest income reporting. Additionally, the ITAT acknowledged procedural delays due to the COVID-19 pandemic in pronouncing the order. en-us Wed, 10 Jun 2020 00:00:00 +0530 Tue, 11 Aug 2020 08:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397247 The ITAT partly allowed both appeals in a transfer pricing case involving adjustments to arm's length prices of corporate guarantees and interest rates on loans to associated enterprises. The ITAT found in favor of the assessee on the arm's length pricing of guarantees and interest rates, reducing adjustments made by the TPO and DRP. The ITAT also addressed issues related to levy of interest under various sections of the Act, penalty proceedings initiation, and additions due to discrepancies in interest income reporting. Additionally, the ITAT acknowledged procedural delays due to the COVID-19 pandemic in pronouncing the order. Case-Laws Income Tax Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397247