{"id":8639,"date":"2019-12-18T11:24:20","date_gmt":"2019-12-18T11:24:20","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cox-kings-ltd-v-addl-cit-2019-55-cch-75-69-itr-45-sn-mum-trib-3\/"},"modified":"2019-12-18T11:24:20","modified_gmt":"2019-12-18T11:24:20","slug":"cox-kings-ltd-v-addl-cit-2019-55-cch-75-69-itr-45-sn-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cox-kings-ltd-v-addl-cit-2019-55-cch-75-69-itr-45-sn-mum-trib-3\/","title":{"rendered":"Cox &#038; Kings Ltd  v.  Addl.  CIT (2019) 55 CCH 75\/ 69 ITR 45 (SN) (Mum.)(Trib.)"},"content":{"rendered":"<p>The assessee gave corporate guarantee to its associate enterprises (\u201cAE\u2019s\u201d) who received loans from a bank which were guaranteed by the assessee. \u00a0The assessee charged commission @0. 5% of the amount of guarantee given to the AE\u2019S. The AO made adjustment to such commission @ 1.77 as against 0. 5% charged by the assessee. \u00a0The Tribunal held that the issue is squarely covered by the Tribunal in assessee\u2019s own cases for immediately preceding years and hence the adjustment should be restricted at 0. 5%. \u00a0(AY. \u00a02012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92B : Transfer pricing\u2013Arm\u2019s length price-Corporate guarantee given to associated enterprises\u2013Arm\u2019s length commission on such guarantee restricted to 0. 5%. [S. 92C]<\/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-8639","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2fl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8639","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=8639"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8639\/revisions"}],"predecessor-version":[{"id":8640,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8639\/revisions\/8640"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}