Associated Capsules Pvt. Ltd. v ACIT [2020] 121 taxmann.com 103 (Mumbai – Trib.) Facts The assessee is engaged in the business of manufacturing empty hard gelatine capsules. The assessee provided Corporate Guarantee of 2.4 million Euros (Equivalent to Rs. 15.19 crores) to its Croatian AE. The assessee did not make any adjustment on account of […]