https://www.taxtmi.com/caselaws?id=438636 The Tribunal directed the Assessing Officer/TPO to compute the ALP of corporate guarantee transactions at 0.5% plus actual expenditure. It allowed the long-term capital loss on shares sale, finding the revised return valid and the transaction genuine. Depreciation on a leased machine was allowed, emphasizing depreciation on the block of assets. The appeals were partly allowed for statistical purposes, highlighting adherence to judicial precedents and genuine transactions under the Income Tax Act. en-us Wed, 31 May 2023 00:00:00 +0530 Mon, 18 Sep 2023 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438636 The Tribunal directed the Assessing Officer/TPO to compute the ALP of corporate guarantee transactions at 0.5% plus actual expenditure. It allowed the long-term capital loss on shares sale, finding the revised return valid and the transaction genuine. Depreciation on a leased machine was allowed, emphasizing depreciation on the block of assets. The appeals were partly allowed for statistical purposes, highlighting adherence to judicial precedents and genuine transactions under the Income Tax Act. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438636