https://www.taxtmi.com/caselaws?id=367228 The Tribunal ruled in favor of the assessee in a transfer pricing case concerning interest paid to Associated Enterprises (AEs) on Fully and Compulsory Convertible Debentures (FCCDs). The Tribunal found that the inclusion of 300 basis points in calculating interest rates was reasonable and permissible under the law, considering variances within acceptable limits. Emphasizing factual accuracy and legal provisions, the Tribunal deleted the proposed adjustment by the Transfer Pricing Officer (TPO), allowing the assessee's appeal and highlighting the importance of regulatory compliance and economic justifications in determining arm's length prices for international transactions. en-us Fri, 14 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367228 The Tribunal ruled in favor of the assessee in a transfer pricing case concerning interest paid to Associated Enterprises (AEs) on Fully and Compulsory Convertible Debentures (FCCDs). The Tribunal found that the inclusion of 300 basis points in calculating interest rates was reasonable and permissible under the law, considering variances within acceptable limits. Emphasizing factual accuracy and legal provisions, the Tribunal deleted the proposed adjustment by the Transfer Pricing Officer (TPO), allowing the assessee's appeal and highlighting the importance of regulatory compliance and economic justifications in determining arm's length prices for international transactions. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367228