https://www.taxtmi.com/caselaws?id=440467 The Tribunal condoned a delay in filing the appeal due to the Covid-19 pandemic. It upheld the deletion of upward transfer pricing adjustment related to corporate guarantee fees, noting the total fee was at arm's length. Additionally, the Tribunal upheld the deletion of transfer pricing adjustment related to interest on loans, finding the interest rate comparable and dismissing the revenue's grounds. The Tribunal dismissed the revenue's appeals for AY 2015-16, affirming the CIT(A)'s decisions on all issues, stating the TPO's adjustments were unwarranted and transactions were at arm's length. en-us Thu, 13 Jul 2023 00:00:00 +0530 Wed, 19 Jul 2023 09:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440467 The Tribunal condoned a delay in filing the appeal due to the Covid-19 pandemic. It upheld the deletion of upward transfer pricing adjustment related to corporate guarantee fees, noting the total fee was at arm's length. Additionally, the Tribunal upheld the deletion of transfer pricing adjustment related to interest on loans, finding the interest rate comparable and dismissing the revenue's grounds. The Tribunal dismissed the revenue's appeals for AY 2015-16, affirming the CIT(A)'s decisions on all issues, stating the TPO's adjustments were unwarranted and transactions were at arm's length. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440467