CIT, (LTU) v. Reliance Industries Ltd. [2024] 161 taxmann.com 423 (Bom.)(HC)

S. 92C : Transfer pricing-Arm’s length price-Corporate guarantee-Adjustment made without giving reasons is unsustainable-Order of Tribunal affirmed.[S. 260A]

Where the TPO made an adjustment for guarantee commission without giving any reasons, the Tribunal was justified in restricting the adjustment.

Leave a Reply

Your email address will not be published. Required fields are marked *

*