DCIT CC 8(3), MUMBAI vs. JSW STEELS LTD, MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

DCIT CC 8(3)(ERSTWHILE DCIT,CC-46, MUMBAI vs. JSW STEELS LTD, MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

JSW STEEL LIMITED,MUMBAI vs. ACIT,CC-46, MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

JSW STEELS LTD,MUMBAI vs. DCIT CC 8(3), MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

JSW STEELS LTD,MUMBAI vs. DCIT CC 8(3), MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

JSW STEELS LTD,MUMBAI vs. DCIT CC 8(3), MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

DCIT CC 8(3)(ERSTWHILE DCIT,CC-46, MUMBAI vs. JSW STEELS LTD, MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

DCIT CC 8(3), MUMBAI vs. JSW STEELS LTD, MUMBAI

Appeal of the revenue is partly allowed and appeal of the assessee is dismissed

Section 92B of the Act. 3. On facts and circumstances of the case and in law, the Hon'ble CIT(A) has erred in not appreciating that provision of corporate guarantee is primarily a shareholder service and has no bearings on the profits, income, losses or assets of associated enterprise. 4. The Hon'ble CIT(A) has erred in facts

DCIT CENT. CIR. -7(3) (ERSTWHILE DCIT CENT. CIR. -42), MUMBAI vs. ASSOCIATED CAPSULES PVT. LTD., MUMBAI

In the result, the appeal filed by the assessee and the Revenue are allowed for\nstatistical purpose

bogus purchase amounting to Rs.28,444/-.\n6. Aggrieved the assessee was in appeal before the ld. CIT(A) who vide order dated\n30.03.2016 had partly allowed the appeal filed by the assessee.\n7.\nBoth the assessee as well as the Revenue are in appeal before us challenging the\norder of the ld. CIT(A).\n8.\nGround no. 1

ASSOCIATED CAPSULES P.LTD,MUMBAI vs. ACIT CEN CIR 42, MUMBAI

In the result, the appeal filed by the assessee and the Revenue are allowed for

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

SECTION 92 OF THE ACT 1. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in upholding the action of the Assessing Officer (AO") and Transfer Pricing Officer ("TPO") in benchmarking "corporate guarantee" given to a bank on behalf of the Appellant's subsidiary as an "international transaction" u/s 92B