https://www.taxtmi.com/caselaws?id=302722 The ITAT partly allowed the appeal, remanding several Transfer Pricing (TP) adjustments and Corporate Tax issues for re-examination. The ITAT directed the Transfer Pricing Officer (TPO) to reconsider the computation of arm's length price using the LIBOR rate for interest-free advances to Associated Enterprises. Additionally, the ITAT instructed the Assessing Officer (AO)/TPO to restrict the TP addition for corporate guarantee fees to 0.5% of the guarantee amount based on a High Court decision. Furthermore, the ITAT set aside certain disallowances under the Income-tax Act, instructing a re-examination of the issues with specific considerations. en-us Tue, 05 Apr 2022 00:00:00 +0530 Mon, 04 May 2026 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302722 The ITAT partly allowed the appeal, remanding several Transfer Pricing (TP) adjustments and Corporate Tax issues for re-examination. The ITAT directed the Transfer Pricing Officer (TPO) to reconsider the computation of arm's length price using the LIBOR rate for interest-free advances to Associated Enterprises. Additionally, the ITAT instructed the Assessing Officer (AO)/TPO to restrict the TP addition for corporate guarantee fees to 0.5% of the guarantee amount based on a High Court decision. Furthermore, the ITAT set aside certain disallowances under the Income-tax Act, instructing a re-examination of the issues with specific considerations. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302722