[aaykarbhavan] Guarantee commission charged from AE was at ALP as same amount of commission was paid to bank for obtaining guarantee

Guarantee commission charged from AE was at ALP as same amount of commission was paid to bank for obtaining guarantee

April 29, 2015[2015] 56 taxmann.com 361 (Mumbai - Trib.)

IT/ILT: Where assessee paid guarantee commission at rate of 0.5 per cent to bank for obtaining guarantee, arm's length guarantee commission charged by assessee in respect of all three transactions of guarantee to its AEs would be taken at 0.5 per cent

IT/ILT: Arm's length interest rate in respect of loan provided by assessee to its AE should be LIBOR+2 per cent

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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