https://www.taxtmi.com/caselaws?id=304072 The appeal challenging the final assessment order under the Income Tax Act for the assessment year 2014-15 was partly allowed. The Dispute Resolution Panel upheld the addition for guarantee fee as an international transaction but adjusted the rate to 0.5% instead of the initial 1.98% applied by the Transfer Pricing Officer. The issue of disallowance under section 14A was dismissed as not pressed during the hearing. The Tribunal's decision, pronounced on June 15, 2022, in Chennai, resulted in a partial allowance of the appeal based on the Tribunal's findings and directions. en-us Wed, 15 Jun 2022 00:00:00 +0530 Tue, 06 Sep 2022 07:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304072 The appeal challenging the final assessment order under the Income Tax Act for the assessment year 2014-15 was partly allowed. The Dispute Resolution Panel upheld the addition for guarantee fee as an international transaction but adjusted the rate to 0.5% instead of the initial 1.98% applied by the Transfer Pricing Officer. The issue of disallowance under section 14A was dismissed as not pressed during the hearing. The Tribunal's decision, pronounced on June 15, 2022, in Chennai, resulted in a partial allowance of the appeal based on the Tribunal's findings and directions. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304072