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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Corporate Guarantee or Letter of Comfort given by the assessee ...


Corporate Guarantees to Associates Exempt from Tax as International Transactions; No Cost to Taxpayer.

June 16, 2016

Case Laws     Income Tax     AT

Corporate Guarantee or Letter of Comfort given by the assessee to its Associate Enterprise does not involve any cost to the assessee, therefore, it was outside the ambit of international transaction - AT

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