https://www.taxtmi.com/caselaws?id=773107 ITAT Kolkata held that corporate guarantee constitutes an international transaction, rejecting the assessee's argument. However, following precedent from the assessee's own case for AY 2018-19, the Tribunal granted partial relief by directing computation of corporate guarantee fee at 0.5% rate and deletion of excess addition. Regarding interest under section 244A, the Tribunal ruled this is an administrative matter to be decided by the AO in accordance with law, requiring the assessee to approach the appropriate authority. en-us Mon, 16 Jun 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773107 ITAT Kolkata held that corporate guarantee constitutes an international transaction, rejecting the assessee's argument. However, following precedent from the assessee's own case for AY 2018-19, the Tribunal granted partial relief by directing computation of corporate guarantee fee at 0.5% rate and deletion of excess addition. Regarding interest under section 244A, the Tribunal ruled this is an administrative matter to be decided by the AO in accordance with law, requiring the assessee to approach the appropriate authority. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773107