https://www.taxtmi.com/caselaws?id=765346 The Bombay HC partially allowed the revenue's appeal on transfer pricing adjustment regarding corporate guarantee commission at 0.5%. The court set aside the Tribunal's order on the substantial question of law and remanded the matter for fresh consideration, emphasizing that each case must be examined individually to determine arm's length price following SC precedent in Sap Labs India. The court rejected the revenue's challenge on interest expenditure disallowance for interest-free loans to sister concern, ruling in favor of the assessee based on South Indian Bank Limited precedent. en-us Thu, 23 Jan 2025 00:00:00 +0530 Thu, 30 Jan 2025 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765346 The Bombay HC partially allowed the revenue's appeal on transfer pricing adjustment regarding corporate guarantee commission at 0.5%. The court set aside the Tribunal's order on the substantial question of law and remanded the matter for fresh consideration, emphasizing that each case must be examined individually to determine arm's length price following SC precedent in Sap Labs India. The court rejected the revenue's challenge on interest expenditure disallowance for interest-free loans to sister concern, ruling in favor of the assessee based on South Indian Bank Limited precedent. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765346