https://www.taxtmi.com/caselaws?id=280003 The High Court analyzed transfer pricing adjustments on interest rates to related parties, focusing on the justification for specific adjustments made by the ITAT. The Court scrutinized rates like LIBOR and Prime Lending Rates. Regarding expenses disallowed under section 14A, the Court clarified that the issue was not entertained in the present appeal. The taxation of foreign exchange fluctuation gain as a capital or revenue receipt was also discussed, with gains from forward contracts treated as capital receipts based on relevant case law. en-us Mon, 23 Apr 2018 00:00:00 +0530 Tue, 16 Apr 2019 14:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280003 The High Court analyzed transfer pricing adjustments on interest rates to related parties, focusing on the justification for specific adjustments made by the ITAT. The Court scrutinized rates like LIBOR and Prime Lending Rates. Regarding expenses disallowed under section 14A, the Court clarified that the issue was not entertained in the present appeal. The taxation of foreign exchange fluctuation gain as a capital or revenue receipt was also discussed, with gains from forward contracts treated as capital receipts based on relevant case law. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280003