prejudicial to the interest of revenue. The Amnesty Scheme nowhere gives any guarantee that the returns of income submitted under the said scheme will ... these circulars issued under the Amnesty Scheme there is no such specific guarantee or undertaking that the department will accept all these returns without
ensure that the plant so manufactured and installed work
properly during the guarantee period stated in the contract. The
customer retain 10% or there about ... contract amount. This amount is released after the specific guarantee
period stated in respective contract is over after the date of
commissioning of the plant
available, he may have not gone into the
issue at benchmarking of guarantee. However, that does not preclude the TPO
to examine the benchmarking ... assessee is correct to the extent that in specific circumstances, the
value of guarantee can be taken as nil. Such a case would arise
Shareholders corporate guarantee- Rs
13,86,30,000.
Ground specific to TP adjustment for purchase of GPC
2. Determination of Arm's Length Price ... guarantee of the
Appellant.
16. Discriminating the US WOS by determining
the ALP for shareholder corporate guarantee
vis-a-vis similar shareholder corporate
guarantee provided
invocation of the bank guarantee, in any
9
case, is not as per terms of the bank guarantee as there was no
deliberate act/default ... furnishing of the bank
guarantee imposed by the Board is a penalty and therefore
impermissible without aid of a specific law or without being backed
further added that the financing of industrial enterprises and giving of guarantee are specific objects of the assessee company and the guarantee was issued ... worded document containing specific terms and conditions of loan and this document does not contain any condition of a corporate guarantee to be given
guarantee. The person in whose favour the
guarantee is furnished by the bank cannot be prevented by
way of an injunction in enforcing the guarantee ... principal agreement without referring to any specific clause in
the preamble of the deed of guarantee does not make the
guarantee furnished by the bank
appellants-defendants points out from the guarantee deed that it has been signed by three persons, whereas, the specific averment in paragraph ... contends that there is no specific averment that the appellant-second defendant executed the deed of guarantee. He also contends that wherever the blanks have
above project milestones
shall lead to revocation of the Specific Performance Bond
Bank Guarantee.
The period ... exclusivity shall start from the date of
issue of Specific Performance Bank Guarantee. The
project milestones as mentioned above shall be on year
to year
invocation of the bank guarantee, in any
9
case, is not as per terms of the bank guarantee as there was no
deliberate act/default ... furnishing of the bank
guarantee imposed by the Board is a penalty and therefore
impermissible without aid of a specific law or without being backed
