https://www.taxtmi.com/caselaws?id=185430 The tribunal ruled in favor of the assessee in a transfer pricing dispute involving notional interest on advance share application money paid to an associated enterprise. The tribunal found the additions to income and adjustments made by the CIT (A) to be incorrect and beyond legal provisions, leading to their deletion. Additionally, the tribunal dismissed the revenue's appeal regarding the choice between domestic Prime Lending Rate (PLR) and LIBOR rate for ALP adjustments, concluding that no ALP adjustment was warranted in the case. en-us Fri, 04 Dec 2015 00:00:00 +0530 Fri, 12 Aug 2016 12:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185430 The tribunal ruled in favor of the assessee in a transfer pricing dispute involving notional interest on advance share application money paid to an associated enterprise. The tribunal found the additions to income and adjustments made by the CIT (A) to be incorrect and beyond legal provisions, leading to their deletion. Additionally, the tribunal dismissed the revenue's appeal regarding the choice between domestic Prime Lending Rate (PLR) and LIBOR rate for ALP adjustments, concluding that no ALP adjustment was warranted in the case. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185430