https://www.taxtmi.com/caselaws?id=370907 The Tribunal upheld the Transfer Pricing Adjustments for Export of Goods for AY 2007-08 and 2008-09, rejecting the use of Chinese market quotations and a 5% bulk discount. It directed consideration of transactions on an aggregate basis and remanded the issue of nickel price adjustments. The Tribunal found the Transfer Pricing Adjustment for Interest on Loans to Associated Enterprises inconsistent and directed benchmarking at LIBOR + 200 basis points. For Corporate Guarantees, the Tribunal upheld the assessee's benchmarking at 1.5% and rejected additional markup. Disallowances under Section 14A, depreciation on cars sold to employees, computer peripherals, bad debts written off, and interest decapitalization were also addressed and decided upon by the Tribunal. en-us Mon, 19 Nov 2018 00:00:00 +0530 Tue, 06 Oct 2020 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370907 The Tribunal upheld the Transfer Pricing Adjustments for Export of Goods for AY 2007-08 and 2008-09, rejecting the use of Chinese market quotations and a 5% bulk discount. It directed consideration of transactions on an aggregate basis and remanded the issue of nickel price adjustments. The Tribunal found the Transfer Pricing Adjustment for Interest on Loans to Associated Enterprises inconsistent and directed benchmarking at LIBOR + 200 basis points. For Corporate Guarantees, the Tribunal upheld the assessee's benchmarking at 1.5% and rejected additional markup. Disallowances under Section 14A, depreciation on cars sold to employees, computer peripherals, bad debts written off, and interest decapitalization were also addressed and decided upon by the Tribunal. Case-Laws Income Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370907