https://www.taxtmi.com/caselaws?id=217953 Section 14A read with Rule 8D was applied even though no exempt dividend income was received, and the disallowance was upheld. In transfer pricing, the interest adjustment on an international loan was deleted because the arm's length rate for a foreign currency borrowing was to be determined on commercial principles and the earlier year's LIBOR-based approach was followed. The assessee's TDS credit claim required no further interference because the existing direction already left it to be examined according to law. The result was partial relief, with success only on the transfer pricing ground. en-us Mon, 30 Apr 2012 00:00:00 +0530 Fri, 22 Apr 2016 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217953 Section 14A read with Rule 8D was applied even though no exempt dividend income was received, and the disallowance was upheld. In transfer pricing, the interest adjustment on an international loan was deleted because the arm's length rate for a foreign currency borrowing was to be determined on commercial principles and the earlier year's LIBOR-based approach was followed. The assessee's TDS credit claim required no further interference because the existing direction already left it to be examined according to law. The result was partial relief, with success only on the transfer pricing ground. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217953