https://www.taxtmi.com/caselaws?id=785610 Corporate guarantee fee: the arm's length guarantee commission is restricted to 0.5% of the guaranteed amount, and that limitation is affirmed. Excise duty exemption: the receipt arising from excise duty exemption is to be characterised as a capital receipt, and that characterisation is affirmed. Consequent relief: the departmental appeal against these findings is dismissed, leaving the 0.5% cap on guarantee commission and the capital receipt treatment of the excise duty exemption operative. en-us Mon, 15 Dec 2025 00:00:00 +0530 Wed, 21 Jan 2026 13:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785610 Corporate guarantee fee: the arm's length guarantee commission is restricted to 0.5% of the guaranteed amount, and that limitation is affirmed. Excise duty exemption: the receipt arising from excise duty exemption is to be characterised as a capital receipt, and that characterisation is affirmed. Consequent relief: the departmental appeal against these findings is dismissed, leaving the 0.5% cap on guarantee commission and the capital receipt treatment of the excise duty exemption operative. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785610