Dcit, Cir-8(1), Kolkata, Kolkata vs M/S Eih Ltd., Kolkata on 12 January, 2018
"We are unable to see, in the judgment of Hon'ble Bombay High Court, any support to
the proposition that issuance of corporate guarantee is inherently within the ambit of
definition of 'international transaction' under section 92B irrespective of whether or not
such transactions have any 'bearing on profits' incomes, losses, or assets of such
enterprises'. Revenue, therefore, does not derive any help from the said decision."