https://www.taxtmi.com/caselaws?id=469930 Corporate guarantee fee was treated as an international transaction, but the benchmarking was found unsatisfactory, so the matter was remitted for fresh determination using the most appropriate method. Gains on mutual fund redemption were taxed as short-term capital gain, since the units were shown as investments and the totality of facts did not support a trading character. Club expenditure, weighted deduction under section 35(2AB), commission expenditure, and unutilised Cenvat credit were allowed, while the interest component of the section 14A read with rule 8D disallowance was deleted for want of nexus with exempt investments. The TDS short credit claim was sent back for verification. en-us Tue, 25 Jul 2023 00:00:00 +0530 Thu, 09 Jul 2026 17:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469930 Corporate guarantee fee was treated as an international transaction, but the benchmarking was found unsatisfactory, so the matter was remitted for fresh determination using the most appropriate method. Gains on mutual fund redemption were taxed as short-term capital gain, since the units were shown as investments and the totality of facts did not support a trading character. Club expenditure, weighted deduction under section 35(2AB), commission expenditure, and unutilised Cenvat credit were allowed, while the interest component of the section 14A read with rule 8D disallowance was deleted for want of nexus with exempt investments. The TDS short credit claim was sent back for verification. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469930