ITAT Mumbai Upholds 0.5% Corporate Guarantee Fee, Allows ESOP Deduction

Advertisement ACIT Vs Network 18 Media & Investment Ltd. (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2013-14. On the issue of transfer pricing adjustment relating to a corporate guarantee provided by the assessee to its overseas associated enterprise, the Transfer Pricing Officer had determined the arm’s length guarantee commission at 1.5% and proposed an adjustment of ₹1,99,80,691. The Commissioner (Appeals), following the decision in the assessee...