https://www.taxtmi.com/caselaws?id=430634 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal on all grounds. This included affirming the CIT(A)'s decision to apply a 0.5% rate for Financial Guarantee Commission, allowing the deduction for interest on Zero Coupon Convertible Bonds (ZCCBs), and deleting the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal emphasized the importance of adhering to precedents and applying legal principles correctly in transfer pricing and disallowance issues. en-us Mon, 21 Nov 2022 00:00:00 +0530 Wed, 23 Nov 2022 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430634 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal on all grounds. This included affirming the CIT(A)'s decision to apply a 0.5% rate for Financial Guarantee Commission, allowing the deduction for interest on Zero Coupon Convertible Bonds (ZCCBs), and deleting the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal emphasized the importance of adhering to precedents and applying legal principles correctly in transfer pricing and disallowance issues. Case-Laws Income Tax Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430634