https://www.taxtmi.com/highlights?id=51198 Transfer pricing adjustment - Correspondent Banking Activities - The main business transactions have been accepted to be at arm’s length and hence, the ld. TPO cannot separately treat the incidental benefit as a separate transaction unless it is shown that they are separate from the main business activities. - No transfer pricing adjustment on account of correspondent banking activity is warranted in the instant case en-us Mon, 13 Jan 2020 07:49:11 +0530 Mon, 13 Jan 2020 07:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51198 Transfer pricing adjustment - Correspondent Banking Activities - The main business transactions have been accepted to be at arm’s length and hence, the ld. TPO cannot separately treat the incidental benefit as a separate transaction unless it is shown that they are separate from the main business activities. - No transfer pricing adjustment on account of correspondent banking activity is warranted in the instant case Highlights Income Tax Mon, 13 Jan 2020 07:49:11 +0530 https://www.taxtmi.com/highlights?id=51198