{"id":8000,"date":"2019-11-02T07:37:37","date_gmt":"2019-11-02T07:37:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-ltu-v-glenmark-pharmaceuticals-ltd-2019-265-taxman-237-sc-editorial-order-in-cit-ltu-v-glenmark-pharmaceuticals-ltd-2017-398-itr-439-85-taxmann-com-349-bomhc-is-affirmed\/"},"modified":"2019-11-02T07:37:37","modified_gmt":"2019-11-02T07:37:37","slug":"cit-ltu-v-glenmark-pharmaceuticals-ltd-2019-265-taxman-237-sc-editorial-order-in-cit-ltu-v-glenmark-pharmaceuticals-ltd-2017-398-itr-439-85-taxmann-com-349-bomhc-is-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-glenmark-pharmaceuticals-ltd-2019-265-taxman-237-sc-editorial-order-in-cit-ltu-v-glenmark-pharmaceuticals-ltd-2017-398-itr-439-85-taxmann-com-349-bomhc-is-affirmed\/","title":{"rendered":"CIT  (LTU)  v. Glenmark Pharmaceuticals Ltd. (2019) 265 Taxman 237 (SC) Editorial : Order in CIT  (LTU)  v. Glenmark Pharmaceuticals Ltd. (2017) 398 ITR  439\/85 taxmann.com 349  (Bom)(HC) is affirmed partly."},"content":{"rendered":"<p>SLP was granted to the revenue Glenmark Pharmaceuticals Ltd. (2017) 397 ITR 30(St) \/ 250 Taxman 391 (SC).\u00a0 Dismissing the appeal of the revenue the Court held that Bench mark fixed by TPO at 3 percent on account of guarantee commission is held to be correct. Comparison can be made between guarantees issued by commercial Banks as against a corporate guarantee issued by a holding company to benefit of its Associated enterprises. (AY.2008-09)<\/p>\n<p>(<strong>Note: <\/strong>Order of Tribunal in\u00a0\u00a0 Glenmark Pharmaceuticals Ltd. v. Add.CIT (2014) 43 taxmann.com 191 \/ 62 SOT 79 (URO) (Mum.)(Trib.) is affirmed<strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing\u2013Guarantee commission-Comparison can be made between guarantees issued by commercial Banks as against a corporate guarantee issued by a holding company to  benefit of its Associated enterprises-Bench mark fixed by TPO at 3 percent is held to be correct. [S. 92CA(3), R.10B]<\/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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8000","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-252","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8000","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=8000"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8000\/revisions"}],"predecessor-version":[{"id":8001,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8000\/revisions\/8001"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}