https://www.taxtmi.com/caselaws?id=309018 The Tribunal upheld the CIT(A)'s decisions on various issues, providing relief to the assessee. The Tribunal confirmed that investments yielding taxable income should be excluded for disallowance under Section 14A. It held that financial guarantees given to AEs do not constitute international transactions. The Tribunal also ruled that performance guarantees should not be treated as separate transactions. Additionally, the Tribunal upheld decisions on recruitment and training expenses, deduction under Section 10A, ALP adjustments, HRM function disallowances, and corporate guarantees, favoring the assessee in most instances. en-us Tue, 03 Sep 2019 00:00:00 +0530 Mon, 07 Aug 2023 21:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309018 The Tribunal upheld the CIT(A)'s decisions on various issues, providing relief to the assessee. The Tribunal confirmed that investments yielding taxable income should be excluded for disallowance under Section 14A. It held that financial guarantees given to AEs do not constitute international transactions. The Tribunal also ruled that performance guarantees should not be treated as separate transactions. Additionally, the Tribunal upheld decisions on recruitment and training expenses, deduction under Section 10A, ALP adjustments, HRM function disallowances, and corporate guarantees, favoring the assessee in most instances. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309018