{"id":62988,"date":"2026-07-30T16:19:09","date_gmt":"2026-07-30T10:49:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kec-international-ltd-v-dy-cit-2025-131-itr-450mum-trib\/"},"modified":"2026-07-30T16:19:09","modified_gmt":"2026-07-30T10:49:09","slug":"kec-international-ltd-v-dy-cit-2025-131-itr-450mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kec-international-ltd-v-dy-cit-2025-131-itr-450mum-trib\/","title":{"rendered":"KEC International Ltd v.Dy. CIT (2025) 131 ITR 450(Mum) (Trib)"},"content":{"rendered":"<p class=\"font-claude-response-body\" style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">The Tribunal sustained the arm&#8217;s length rate of 0.60 per cent. for corporate guarantees, consistent with its decision in the assessee&#8217;s own case for earlier years; held that mobilisation advances received from customers, shown as advances in service tax returns for services yet to be performed, could not be treated as income, contrary to the AO&#8217;s view based on percentage of completion; and remanded certain issues raised for the first time during assessment to the AO for verification and fresh decision after affording a hearing. (AY. 2018-19) <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C: Transfer pricing-Arm\u2019s length price-Avoidance of tax-International transaction-Corporate guarantee-Rate limited to 0.60 per cent. In assessee&#8217;s own case for earlier year-Same rate sustained for all corporate guarantees-Income-Higher turnover reported in service tax return, including mobilisation advances from customers, treated as income by Assessing Officer-Advances not taxable as income-Appeal-Power of appellate authorities-Claim raised for first time before appellate authorities can be considered-Remitted to Assessing Officer for statistical purposes.[S. 4, 250] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62988","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gnW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62988"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62988\/revisions"}],"predecessor-version":[{"id":62989,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62988\/revisions\/62989"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}