https://www.taxtmi.com/highlights?id=32623 When the DRP itself stated that since Indian banks were charging 250 basis points above LIBOR on similar loans, there was no good reason for holding that the loan advanced to a subsidiary at 247 basis points above the LIBOR rate to be not at arm’s length. - HC en-us Fri, 30 Dec 2016 18:14:11 +0530 Fri, 30 Dec 2016 18:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32623 When the DRP itself stated that since Indian banks were charging 250 basis points above LIBOR on similar loans, there was no good reason for holding that the loan advanced to a subsidiary at 247 basis points above the LIBOR rate to be not at arm’s length. - HC Highlights Income Tax Fri, 30 Dec 2016 18:14:11 +0530 https://www.taxtmi.com/highlights?id=32623