https://www.taxtmi.com/caselaws?id=260250 The Tribunal dismissed the Revenue's appeal challenging the application of the LIBOR-based interest rate, upholding the use of LIBOR for arm's length price adjustment. The Tribunal also allowed the assessee's cross objection, directing a re-evaluation of the arm's length price by considering the extended credit period to Associated Enterprises as part of the main international transaction of sale. The decision emphasized consistency with previous rulings and the importance of treating closely linked transactions together in transfer pricing assessments. en-us Fri, 29 May 2015 00:00:00 +0530 Mon, 09 Nov 2015 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260250 The Tribunal dismissed the Revenue's appeal challenging the application of the LIBOR-based interest rate, upholding the use of LIBOR for arm's length price adjustment. The Tribunal also allowed the assessee's cross objection, directing a re-evaluation of the arm's length price by considering the extended credit period to Associated Enterprises as part of the main international transaction of sale. The decision emphasized consistency with previous rulings and the importance of treating closely linked transactions together in transfer pricing assessments. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260250