267 results for “disallowance”+ Section 928clear
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The appeal is allowed
Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm
section 92B of the Act as amended by Finance Act, 2012 does not alter the basic character of the definition of 'international transaction' u/s 928 and therefore, since provision of guarantee (by the assessee to its AE) did not have any bearing on profits, income, losses or assets of enterprise, it would be outside the ambit of 'international transaction