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2020 (3) TMI 1281 - AT - Income TaxTP adjustment on corporate guarantee - HELD THAT:- It is stated that the TPO, in the consequential proceedings, has accepted 0.92% as the ALP corporate guarantee commission. Following the earlier order of ITAT, we remit the issue for the assessment year before us also to the AO/TPO and direct the AO/TPO to adopt the same rate of commission for the corporate guarantee as decided in the earlier assessment years. Levy of interest u/s. 234B and 234C - HELD THAT:- This issue is also remitted to the file of AO to give consequential relief, if any to the assessee. In the result, appeal of assessee is treated as allowed for statistical purposes.
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