https://www.taxtmi.com/highlights?id=56156 TP Adjustment - The interest on receivables is an international transaction as it is subsequent to the amendment to section 92B of the I.T. Act - We are inclined to accept the alternate argument of the assessee that since the receivables are in foreign currency, the rate of interest to be applied is at LIBOR + and nor SBIPLR rate. - AT en-us Fri, 01 Jan 2021 10:28:21 +0530 Fri, 01 Jan 2021 10:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56156 TP Adjustment - The interest on receivables is an international transaction as it is subsequent to the amendment to section 92B of the I.T. Act - We are inclined to accept the alternate argument of the assessee that since the receivables are in foreign currency, the rate of interest to be applied is at LIBOR + and nor SBIPLR rate. - AT Highlights Income Tax Fri, 01 Jan 2021 10:28:21 +0530 https://www.taxtmi.com/highlights?id=56156