BS LIMITED,HYDERABAD vs. ASST.COMISSIONER OF INCOME TAX, CIRCLE-2(3), HYDERABAD
In the result, appeal of the assessee is allowed for statistical purposes
ITA 2186/HYD/2017[2013-14]Status: DisposedITAT Hyderabad27 Apr 2018AY 2013-14
Bench: Shri D. Manmohan & Shri S. Rifaur Rahmanassessment Year: 2013-14
For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Deepak P. Ripote
Section 132Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 92B
92C of the Act.
M/s BS Ltd., Hyd.
2.4.a. Erred in adopting rate which is fixed by the Indian
Bankers considering the various factors in India however, the said transaction entered by the appellant is outside India.
2.4.b.Erred in not appreciating the fact that corporate guarantees are totally different from bank guarantees and in case of bank guarantees they
