https://www.taxtmi.com/caselaws?id=423819 The Tribunal upheld the Transfer Pricing Officer's decision that providing a corporate guarantee to an Associated Enterprise qualifies as an international transaction under the Income Tax Act. The Tribunal directed the TP addition to be restricted to 0.5% of the loan amount, aligning with a previous precedent. The Tribunal also addressed issues related to interest on delayed receivables, disallowance under section 14A, set-off of brought forward losses, deduction under section 10AA, and levy of interest under section 234B, providing specific directions for each issue and emphasizing the need for accurate computations and compliance with legal precedents. The appeal was partly allowed. en-us Mon, 30 May 2022 00:00:00 +0530 Wed, 15 Jun 2022 23:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423819 The Tribunal upheld the Transfer Pricing Officer's decision that providing a corporate guarantee to an Associated Enterprise qualifies as an international transaction under the Income Tax Act. The Tribunal directed the TP addition to be restricted to 0.5% of the loan amount, aligning with a previous precedent. The Tribunal also addressed issues related to interest on delayed receivables, disallowance under section 14A, set-off of brought forward losses, deduction under section 10AA, and levy of interest under section 234B, providing specific directions for each issue and emphasizing the need for accurate computations and compliance with legal precedents. The appeal was partly allowed. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423819