https://www.taxtmi.com/caselaws?id=390019 The Tribunal upheld the CIT(A)'s decisions in the case. The inclusion of R. System International Ltd. as a comparable for benchmarking international transactions was deemed appropriate, as the financial results were correctly recasted. Additionally, the application of a nil interest rate as the arm's length interest rate on outstanding receivables from associated enterprises was justified based on the taxpayer's consistent practice and comparable uncontrolled transactions. The Revenue's appeal was dismissed, affirming the CIT(A)'s rulings on both issues. en-us Tue, 10 Dec 2019 00:00:00 +0530 Sun, 22 Dec 2019 07:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390019 The Tribunal upheld the CIT(A)'s decisions in the case. The inclusion of R. System International Ltd. as a comparable for benchmarking international transactions was deemed appropriate, as the financial results were correctly recasted. Additionally, the application of a nil interest rate as the arm's length interest rate on outstanding receivables from associated enterprises was justified based on the taxpayer's consistent practice and comparable uncontrolled transactions. The Revenue's appeal was dismissed, affirming the CIT(A)'s rulings on both issues. Case-Laws Income Tax Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390019