https://www.taxtmi.com/caselaws?id=413875 The tribunal partly allowed the assessee's appeals (ITA Nos.595/Hyd/2020 and 596/Hyd/2020). It confirmed the Arm's Length Price (ALP) adjustment for corporate guarantees and the disallowance of sponsorship fees. However, it deleted the disallowance under Section 36(1)(va) read with Section 43B for ESI/PF contributions. The tribunal upheld the lower authorities' decisions on the ALP adjustment and sponsorship fees disallowance, while ruling in favor of the assessee regarding the ESI/PF contributions disallowance. en-us Mon, 27 Sep 2021 00:00:00 +0530 Fri, 22 Oct 2021 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413875 The tribunal partly allowed the assessee's appeals (ITA Nos.595/Hyd/2020 and 596/Hyd/2020). It confirmed the Arm's Length Price (ALP) adjustment for corporate guarantees and the disallowance of sponsorship fees. However, it deleted the disallowance under Section 36(1)(va) read with Section 43B for ESI/PF contributions. The tribunal upheld the lower authorities' decisions on the ALP adjustment and sponsorship fees disallowance, while ruling in favor of the assessee regarding the ESI/PF contributions disallowance. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413875