https://www.taxtmi.com/caselaws?id=200716 The High Court dismissed the appeal concerning Transfer Pricing adjustments, emphasizing the necessity to determine the arm's length interest rate based on the country where the loan is utilized. The Court found the Transfer Pricing Officer's reliance on the Indian interest rate incorrect, as the appellant charged a higher rate to the Associate Enterprise than the rate at which they received the loan. The Court concluded that the Tribunal's consideration of the case was reasonable, leading to the dismissal of the appeal due to the absence of a substantial legal question. en-us Wed, 28 Jun 2017 00:00:00 +0530 Tue, 17 Apr 2018 06:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200716 The High Court dismissed the appeal concerning Transfer Pricing adjustments, emphasizing the necessity to determine the arm's length interest rate based on the country where the loan is utilized. The Court found the Transfer Pricing Officer's reliance on the Indian interest rate incorrect, as the appellant charged a higher rate to the Associate Enterprise than the rate at which they received the loan. The Court concluded that the Tribunal's consideration of the case was reasonable, leading to the dismissal of the appeal due to the absence of a substantial legal question. Case-Laws Income Tax Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200716