https://www.taxtmi.com/highlights?id=32910 Treatment to issuance of CCDs as a loan - TPA - issuance of CCDs was denominated in Indian Rupees and not foreign currency. Therefore, TPO has erred in considering LIBOR as benchmark rate which is in complete contradiction to the principles on the issue. - AT en-us Wed, 18 Jan 2017 08:45:42 +0530 Wed, 18 Jan 2017 08:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32910 Treatment to issuance of CCDs as a loan - TPA - issuance of CCDs was denominated in Indian Rupees and not foreign currency. Therefore, TPO has erred in considering LIBOR as benchmark rate which is in complete contradiction to the principles on the issue. - AT Highlights Income Tax Wed, 18 Jan 2017 08:45:42 +0530 https://www.taxtmi.com/highlights?id=32910