https://www.taxtmi.com/caselaws?id=391813 The Tribunal allowed the appeal of the assessee, deleting the Arm's Length Price adjustments for interest on loans and advances, IT support service cost, and corporate guarantee fee. The judgment emphasized the application of the Comparable Uncontrolled Price (CUP) Method and the use of LIBOR as the benchmark interest rate for foreign currency loans. It recognized reimbursements and shareholder activities in transfer pricing adjustments, following precedents that corporate guarantees do not constitute international transactions. en-us Fri, 31 Jan 2020 00:00:00 +0530 Fri, 07 Feb 2020 11:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391813 The Tribunal allowed the appeal of the assessee, deleting the Arm's Length Price adjustments for interest on loans and advances, IT support service cost, and corporate guarantee fee. The judgment emphasized the application of the Comparable Uncontrolled Price (CUP) Method and the use of LIBOR as the benchmark interest rate for foreign currency loans. It recognized reimbursements and shareholder activities in transfer pricing adjustments, following precedents that corporate guarantees do not constitute international transactions. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391813