https://www.taxtmi.com/caselaws?id=307846 The Tribunal dismissed the appeal and remitted the case to the Assessing Officer for fresh consideration. The main issues involved the interpretation of a corporate guarantee as an international transaction under Section 92B of the Income Tax Act, 1961, and its retrospective application. The Tribunal indicated that the Commissioner(Appeals) did not adequately address these matters. The decision requires the Assessing Officer to reevaluate whether the corporate guarantee constitutes an international transaction and to reconsider the application of relevant provisions, leaving substantial legal questions unresolved at this stage. en-us Mon, 26 Sep 2022 00:00:00 +0530 Mon, 30 Oct 2023 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307846 The Tribunal dismissed the appeal and remitted the case to the Assessing Officer for fresh consideration. The main issues involved the interpretation of a corporate guarantee as an international transaction under Section 92B of the Income Tax Act, 1961, and its retrospective application. The Tribunal indicated that the Commissioner(Appeals) did not adequately address these matters. The decision requires the Assessing Officer to reevaluate whether the corporate guarantee constitutes an international transaction and to reconsider the application of relevant provisions, leaving substantial legal questions unresolved at this stage. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307846