https://www.taxtmi.com/caselaws?id=397619 The Tribunal largely ruled in favor of the assessee in the case, dismissing the revenue's appeal due to a low tax effect. The adjustments related to notional interest on equity shares, provision of guarantees, interest on loans to Associated Enterprises, short credit of TDS, and error in computing tax under MAT were analyzed. The Tribunal directed the AO/TPO to recompute adjustments, verify facts, and rectify errors, with specific instructions for further examination and rectification where necessary. en-us Mon, 17 Aug 2020 00:00:00 +0530 Mon, 24 Aug 2020 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397619 The Tribunal largely ruled in favor of the assessee in the case, dismissing the revenue's appeal due to a low tax effect. The adjustments related to notional interest on equity shares, provision of guarantees, interest on loans to Associated Enterprises, short credit of TDS, and error in computing tax under MAT were analyzed. The Tribunal directed the AO/TPO to recompute adjustments, verify facts, and rectify errors, with specific instructions for further examination and rectification where necessary. Case-Laws Income Tax Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397619