https://www.taxtmi.com/caselaws?id=431682 The Tribunal allowed the appeal of the assessee on all grounds. It directed the deletion of the upward adjustment towards overdue receivables from Associated Enterprises, restricted the corporate guarantee commission to 0.50% on the amount utilized by the AE, and held that the disallowance under section 14A was not applicable due to the absence of exempt income. en-us Fri, 16 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431682 The Tribunal allowed the appeal of the assessee on all grounds. It directed the deletion of the upward adjustment towards overdue receivables from Associated Enterprises, restricted the corporate guarantee commission to 0.50% on the amount utilized by the AE, and held that the disallowance under section 14A was not applicable due to the absence of exempt income. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431682