https://www.taxtmi.com/highlights?id=56745 TP Adjustment - International transaction - The only promise made by the assessee is, it will not make any divestment of the shares during the currency of the loan. In our view, in no way it makes the letter of comfort/support a guarantee of any kind as there is no financial implication on the assessee - Reading of section 92B Explanation 1(c), we are of the considered opinion that provision of letter of comfort/support cannot be termed as an international transaction - AT en-us Mon, 15 Feb 2021 14:59:56 +0530 Mon, 15 Feb 2021 14:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56745 TP Adjustment - International transaction - The only promise made by the assessee is, it will not make any divestment of the shares during the currency of the loan. In our view, in no way it makes the letter of comfort/support a guarantee of any kind as there is no financial implication on the assessee - Reading of section 92B Explanation 1(c), we are of the considered opinion that provision of letter of comfort/support cannot be termed as an international transaction - AT Highlights Income Tax Mon, 15 Feb 2021 14:59:56 +0530 https://www.taxtmi.com/highlights?id=56745