https://www.taxtmi.com/caselaws?id=293785 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute transfer pricing adjustments for corporate guarantees at 0.5% as an arm's length commission. It also deleted disallowances under sections 14A and 36(1)(iii) related to interest and investments. The Tribunal directed the deletion of an addition on account of CENVAT credit in the valuation of closing stock and disallowance of interest on business advances from subsidiaries. The ground regarding set-off of brought forward MTM loss against gain was dismissed as infructuous. The order was pronounced on 27-05-2020. en-us Wed, 27 May 2020 00:00:00 +0530 Wed, 03 Mar 2021 10:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293785 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute transfer pricing adjustments for corporate guarantees at 0.5% as an arm's length commission. It also deleted disallowances under sections 14A and 36(1)(iii) related to interest and investments. The Tribunal directed the deletion of an addition on account of CENVAT credit in the valuation of closing stock and disallowance of interest on business advances from subsidiaries. The ground regarding set-off of brought forward MTM loss against gain was dismissed as infructuous. The order was pronounced on 27-05-2020. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293785