Bank Rates Not Comparable: ITAT Upholds 0.25% Corporate Guarantee Benchmark

SRF Limited Vs ACIT (ITAT Delhi)

Corporate guarantee @ 0.25% upheld; 14A interest disallowance & MAT add-back quashed; CER receipts held capital — ITAT Delhi in SRF Ltd

Delhi Tribunal largely allowed Assessee’s appeals, following its own consistent precedents. On corporate guarantee, Tribunal held that guarantee fee Please become a Premium member. If you are already a Premium member, login here to access the full content.