https://www.taxtmi.com/caselaws?id=398982 The Tribunal allowed the assessee's appeal in part and partly allowed the revenue's appeal. The Tribunal directed the deletion of the Transfer Pricing adjustment for business advances, confirmed the arm's length nature of performance guarantees, adjusted the corporate guarantee Transfer Pricing adjustment to 0.20%, upheld the treatment of Mark-to-Market losses on forex contracts, and admitted an additional ground on education cess for further adjudication by the Assessing Officer. en-us Mon, 14 Sep 2020 00:00:00 +0530 Mon, 07 Jun 2021 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398982 The Tribunal allowed the assessee's appeal in part and partly allowed the revenue's appeal. The Tribunal directed the deletion of the Transfer Pricing adjustment for business advances, confirmed the arm's length nature of performance guarantees, adjusted the corporate guarantee Transfer Pricing adjustment to 0.20%, upheld the treatment of Mark-to-Market losses on forex contracts, and admitted an additional ground on education cess for further adjudication by the Assessing Officer. Case-Laws Income Tax Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398982