https://www.taxtmi.com/caselaws?id=774106 ITAT Kolkata ruled on multiple transfer pricing and tax issues. Corporate guarantee rate reduced from 1.82% to 0.5% following precedent. Downward purchase adjustment rejected as no section 80IE claim made. Employee contribution disallowance upheld per SC judgment in Checkmate Services. Club expenses allowed if properly documented. Excess MD remuneration issues remanded for verification against audited accounts. Section 14A disallowance capped at exempt income of Rs. 33,59,625. MAT computation on 14A disallowance decided for assessee. TDS/TCS credit and section 90 relief granted. Most grounds allowed for statistical purposes with directions for proper verification. en-us Tue, 17 Jun 2025 00:00:00 +0530 Thu, 03 Jul 2025 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774106 ITAT Kolkata ruled on multiple transfer pricing and tax issues. Corporate guarantee rate reduced from 1.82% to 0.5% following precedent. Downward purchase adjustment rejected as no section 80IE claim made. Employee contribution disallowance upheld per SC judgment in Checkmate Services. Club expenses allowed if properly documented. Excess MD remuneration issues remanded for verification against audited accounts. Section 14A disallowance capped at exempt income of Rs. 33,59,625. MAT computation on 14A disallowance decided for assessee. TDS/TCS credit and section 90 relief granted. Most grounds allowed for statistical purposes with directions for proper verification. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774106