https://www.taxtmi.com/caselaws?id=302699 The tribunal upheld the corporate guarantee adjustment principle, citing a decision by the Madras High Court. However, it reduced the quantification of the adjustment from Rs.3,51,06,335 to 0.875% based on comparability. The ALP adjustment regarding interest on receivables was deleted due to lack of comparability with international transactions. The appeal was partly allowed, with detailed reasoning provided for each issue. The order was pronounced on 23rd September 2021. en-us Thu, 23 Sep 2021 00:00:00 +0530 Sun, 12 Jun 2022 21:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302699 The tribunal upheld the corporate guarantee adjustment principle, citing a decision by the Madras High Court. However, it reduced the quantification of the adjustment from Rs.3,51,06,335 to 0.875% based on comparability. The ALP adjustment regarding interest on receivables was deleted due to lack of comparability with international transactions. The appeal was partly allowed, with detailed reasoning provided for each issue. The order was pronounced on 23rd September 2021. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302699