Held that a corporate guarantee indeed forms an international transaction. Accordingly adjustment in respect of corporate guarantee provided to AEs should be determined at rate of 0.5 per cent. (AY. 2013-14 )
Havells India Ltd. v. DCIT (2023) 198 ITD 610 (Delhi) (Trib.)
S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Specified domestic transaction-Corporate guarantee-Capital financing-ALP adjustment in respect of corporate guarantee provided to AEs should be determined at rate of 0.5 per cent.[S.92B]