‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]

Corporate Guarantee - International Transaction - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Corporate Guarantee’ cannot be treated as an ‘international transaction’ for the purpose of section 92 of the Income Tax Act, 1961. The Assessing Officer made the addition of Rs.73,69,830/- qua Transfer Pricing Adjustment on account of providing corporate guarantee by the…

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