https://www.taxtmi.com/caselaws?id=308755 The Tribunal upheld the deletion of the Transfer Pricing adjustment on Corporate Guarantee fees, citing established precedents supporting the assessee's fee rate. The Tribunal found the TPO's benchmarking method lacking in comparative data and rationality. Consequently, the upward adjustment was dismissed. Regarding the disallowance under Section 36(1)(va) for AY 2015-16, the Tribunal upheld the disallowance in line with the Supreme Court's ruling in Chekmate Services Pvt. Ltd. v. CIT. The decision partially favored the Revenue for AY 2015-16 and dismissed the appeal for AY 2016-17. en-us Tue, 28 Feb 2023 00:00:00 +0530 Tue, 18 Jul 2023 22:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308755 The Tribunal upheld the deletion of the Transfer Pricing adjustment on Corporate Guarantee fees, citing established precedents supporting the assessee's fee rate. The Tribunal found the TPO's benchmarking method lacking in comparative data and rationality. Consequently, the upward adjustment was dismissed. Regarding the disallowance under Section 36(1)(va) for AY 2015-16, the Tribunal upheld the disallowance in line with the Supreme Court's ruling in Chekmate Services Pvt. Ltd. v. CIT. The decision partially favored the Revenue for AY 2015-16 and dismissed the appeal for AY 2016-17. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308755