https://www.taxtmi.com/highlights?id=92072 The ITAT partly allowed the appeal of the assessee: for transfer pricing the AO is directed to adopt interest on outstanding receivables from AEs at LIBOR + 2% (TPO's LIBOR + 4% disallowed); corporate guarantee commission benchmarking limited to 0.5%; addition for alleged bogus purchases reduced and confirmed only to the actual transaction amount of Rs. 7,22,178 with directions to give effect. Claim for deduction under s.35(2AB) (R&D) is restored to the file of the AO for fresh adjudication in light of Form 3CL dated 20.08.2024. Donations from CSR funds are permitted for s.80G deduction subject to statutory eligibility and verification by the AO; matter remitted for fresh decision. en-us Sat, 30 Aug 2025 08:31:26 +0530 Sat, 30 Aug 2025 08:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92072 The ITAT partly allowed the appeal of the assessee: for transfer pricing the AO is directed to adopt interest on outstanding receivables from AEs at LIBOR + 2% (TPO's LIBOR + 4% disallowed); corporate guarantee commission benchmarking limited to 0.5%; addition for alleged bogus purchases reduced and confirmed only to the actual transaction amount of Rs. 7,22,178 with directions to give effect. Claim for deduction under s.35(2AB) (R&D) is restored to the file of the AO for fresh adjudication in light of Form 3CL dated 20.08.2024. Donations from CSR funds are permitted for s.80G deduction subject to statutory eligibility and verification by the AO; matter remitted for fresh decision. Highlights Income Tax Sat, 30 Aug 2025 08:31:26 +0530 https://www.taxtmi.com/highlights?id=92072