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Income Tax - Highlights / Catch Notes

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TP adjustment on interest on advances given to AEs - LIBOR + 260 ...

Case Laws     Income Tax

November 5, 2023

TP adjustment on interest on advances given to AEs - LIBOR + 260 basis points - the transactions of loans advanced to AEs by the assessee was adequately demonstrated by the assessee to be at Arm’s Length Price based on the comparability analysis done with its internal comparable. No transfer pricing adjustment to the same was warranted and the transfer pricing adjustment made by the authorities below is directed to be deleted. - AT

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