https://www.taxtmi.com/caselaws?id=402458 The Tribunal partially allowed the appellant's appeal, addressing issues related to the assessment order's timeliness, transfer pricing adjustments, corporate guarantee fees, disallowances, and the ITAT's jurisdiction to examine new legal questions. The Tribunal dismissed some issues as not pressed due to lack of argument during the hearing. Notably, adjustments for interest on advances to subsidiaries were subject to further examination, while corporate guarantee fees were disallowed based on the principle of uniformity. The Tribunal ruled in favor of the appellant regarding disallowances under section 14A and its applicability to book profits under section 115JB, emphasizing relevant case law support. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 02 Jan 2021 12:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402458 The Tribunal partially allowed the appellant's appeal, addressing issues related to the assessment order's timeliness, transfer pricing adjustments, corporate guarantee fees, disallowances, and the ITAT's jurisdiction to examine new legal questions. The Tribunal dismissed some issues as not pressed due to lack of argument during the hearing. Notably, adjustments for interest on advances to subsidiaries were subject to further examination, while corporate guarantee fees were disallowed based on the principle of uniformity. The Tribunal ruled in favor of the appellant regarding disallowances under section 14A and its applicability to book profits under section 115JB, emphasizing relevant case law support. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402458