https://www.taxtmi.com/caselaws?id=340830 The Tribunal upheld the DRP's decision to delete adjustments made on interest payments on Fully Convertible Debentures (FCD) and External Commercial Borrowings (ECB), finding the assessee's rates were at arm's length and compliant with RBI guidelines. The decision stressed the need to consider loan terms in determining prices. The Revenue's appeal against the DRP's order was dismissed. en-us Fri, 24 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340830 The Tribunal upheld the DRP's decision to delete adjustments made on interest payments on Fully Convertible Debentures (FCD) and External Commercial Borrowings (ECB), finding the assessee's rates were at arm's length and compliant with RBI guidelines. The decision stressed the need to consider loan terms in determining prices. The Revenue's appeal against the DRP's order was dismissed. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340830