https://www.taxtmi.com/caselaws?id=289901 The ITAT Delhi allowed the assessee's appeals in ITA Nos. 7026 & 7027/DEL/2017, directing the deletion of adjustments on interest payable on FCCDs issued to AEs. The Tribunal found the interest rates applied by the assessee, including the 300 basis points above the base rate, to be reasonable and within permissible limits, aligning with prior judgments. Consequently, the Tribunal instructed the AO/TPO to eliminate the disallowed adjustments totaling Rs. 10,70,37,882, as no compelling evidence favored the revenue's position. en-us Fri, 15 Mar 2019 00:00:00 +0530 Thu, 14 Nov 2024 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289901 The ITAT Delhi allowed the assessee's appeals in ITA Nos. 7026 & 7027/DEL/2017, directing the deletion of adjustments on interest payable on FCCDs issued to AEs. The Tribunal found the interest rates applied by the assessee, including the 300 basis points above the base rate, to be reasonable and within permissible limits, aligning with prior judgments. Consequently, the Tribunal instructed the AO/TPO to eliminate the disallowed adjustments totaling Rs. 10,70,37,882, as no compelling evidence favored the revenue's position. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289901