Mumbai ITAT deleted TP additions following ruling of co-ordinate bench of tribunal of earlier AY

INCOME TAX: Where in respect of bank guarantee furnished on behalf of AE, assessee charged guarantee commission at rate of one per cent whereas TPO opined that assessee should have charged said commission at rate 1.5 per cent, in view of fact that Co-ordinate bench of Tribunal in assessee's own case in earlier assessment year had adopted guarantee commission rate of 0.5 per cent, impugned addition made to assessee's ALP was to be deleted

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