https://www.taxtmi.com/caselaws?id=283445 Interest on loans to associated enterprises was assessed under transfer-pricing principles, and the Tribunal applied LIBOR rather than the average yield rates used by the Transfer Pricing Officer. It found that the assessee had charged an interest rate above prevailing LIBOR, so the transactions were at arm's length and the transfer-pricing adjustment was not warranted. The HC held that this reasoning was not perverse and upheld the arm's length finding; no substantial question of law arose. en-us Tue, 18 Jul 2017 00:00:00 +0530 Mon, 23 Sep 2019 16:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283445 Interest on loans to associated enterprises was assessed under transfer-pricing principles, and the Tribunal applied LIBOR rather than the average yield rates used by the Transfer Pricing Officer. It found that the assessee had charged an interest rate above prevailing LIBOR, so the transactions were at arm's length and the transfer-pricing adjustment was not warranted. The HC held that this reasoning was not perverse and upheld the arm's length finding; no substantial question of law arose. Case-Laws Income Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283445