https://www.taxtmi.com/caselaws?id=294031 The Tribunal allowed the appeal of the assessee, directing the use of LIBOR rate instead of Prime Lending Rates for interest calculations on outstanding receivables from Associated Enterprises. This decision aligned with previous rulings and aimed to ensure a fair assessment of interest on delayed payments, citing the suitability of LIBOR rate for such transactions. en-us Thu, 22 Mar 2018 00:00:00 +0530 Wed, 22 Apr 2026 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294031 The Tribunal allowed the appeal of the assessee, directing the use of LIBOR rate instead of Prime Lending Rates for interest calculations on outstanding receivables from Associated Enterprises. This decision aligned with previous rulings and aimed to ensure a fair assessment of interest on delayed payments, citing the suitability of LIBOR rate for such transactions. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294031