https://www.taxtmi.com/caselaws?id=198135 The Appellate Tribunal ITAT, Mumbai, partly allowed the assessee's appeal and dismissed the AO's appeal. The Tribunal upheld the Transfer Pricing Adjustment of Rs. 1.91 Crores in the Arm's Length Price due to an interest-free loan to an overseas entity. It rejected the 3% risk premium added by the TPO and directed to adopt the Prime Lending Rate of the State Bank of India. Regarding the disallowance under Section 14A of the Act, the Tribunal ruled in favor of the assessee, stating that no disallowance could be made if no exempt income was earned, directing the AO to reexamine the issue. en-us Wed, 16 Nov 2016 00:00:00 +0530 Tue, 23 Jan 2018 22:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198135 The Appellate Tribunal ITAT, Mumbai, partly allowed the assessee's appeal and dismissed the AO's appeal. The Tribunal upheld the Transfer Pricing Adjustment of Rs. 1.91 Crores in the Arm's Length Price due to an interest-free loan to an overseas entity. It rejected the 3% risk premium added by the TPO and directed to adopt the Prime Lending Rate of the State Bank of India. Regarding the disallowance under Section 14A of the Act, the Tribunal ruled in favor of the assessee, stating that no disallowance could be made if no exempt income was earned, directing the AO to reexamine the issue. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198135