https://www.taxtmi.com/caselaws?id=764938 ITAT Visakhapatnam held that corporate guarantee commission for guarantees provided to associated enterprises constitutes an international transaction subject to transfer pricing provisions. Following consistency principle and earlier tribunal decisions, the court determined the arm's length rate at 0.50% instead of the 1.9% rate applied by the Dispute Resolution Panel. The addition made by DRP at 1.9% of the corporate guarantee amount was deleted, and the assessee's appeal was allowed based on precedent from earlier assessment years 2014-15 and 2016-17. en-us Wed, 30 Oct 2024 00:00:00 +0530 Tue, 21 Jan 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764938 ITAT Visakhapatnam held that corporate guarantee commission for guarantees provided to associated enterprises constitutes an international transaction subject to transfer pricing provisions. Following consistency principle and earlier tribunal decisions, the court determined the arm's length rate at 0.50% instead of the 1.9% rate applied by the Dispute Resolution Panel. The addition made by DRP at 1.9% of the corporate guarantee amount was deleted, and the assessee's appeal was allowed based on precedent from earlier assessment years 2014-15 and 2016-17. Case-Laws Income Tax Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764938