This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ALP of corporate guarantee cannot be determined by comparing with bank guarantee
Case Law Details
- Case Name
- CIT Vs M/s. Glenmark Pharmaceuticals Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
CIT Vs M/s. Glenmark Pharmaceuticals Ltd. (Supreme Court of India)
Hon;ble Supreme Court Upheld the Judgment of Hon;ble HIgh Court and held that Arm’s length price of corporate guarantee could not be determined on the basis of comparison with bank guarantee and as such, High Court rightly affirmed the view taken by ITAT deleting the addition to the income of assessee – company made by AO on account of guarantee commission chargeable to its AE.
FULL TEXT OF THE SUPREME COURT JUDGMENT
The following two questions arise for determination in this appeal filed by the Revenue.
(i) With respec...
