https://www.taxtmi.com/caselaws?id=365285 The Court upheld the decision of the ITAT in restricting the arms length interest rate on a loan to an Associated Enterprise to 2.40%, emphasizing factors like RBI approval and foreign exchange risks. The Court dismissed the appeal, agreeing with the ITAT's reasoning that considered the country's conditions in determining the interest rate. However, the Court deferred judgment on the deletion of the addition for the Arms length price on a corporate guarantee for further review, as it was already under consideration in a separate case. en-us Mon, 02 Jul 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365285 The Court upheld the decision of the ITAT in restricting the arms length interest rate on a loan to an Associated Enterprise to 2.40%, emphasizing factors like RBI approval and foreign exchange risks. The Court dismissed the appeal, agreeing with the ITAT's reasoning that considered the country's conditions in determining the interest rate. However, the Court deferred judgment on the deletion of the addition for the Arms length price on a corporate guarantee for further review, as it was already under consideration in a separate case. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365285