https://www.taxtmi.com/caselaws?id=408268 Transfer pricing adjustments for management services cannot be fixed at nil merely because the authorities question business benefit; benchmarking must follow the prescribed transfer pricing method, and the assessee's documentation showing receipt of services was not effectively dislodged, so the nil ALP adjustment was deleted. Interest on outstanding receivables from associated enterprises also must be benchmarked under the transfer pricing framework using an appropriate method and comparable conditions, not by applying the State Bank of India prime lending rate as a standalone standard, so that adjustment was likewise deleted. The article states that both additions were unsustainable and that the assessee obtained complete relief. en-us Tue, 04 May 2021 00:00:00 +0530 Sat, 05 Jun 2021 10:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408268 Transfer pricing adjustments for management services cannot be fixed at nil merely because the authorities question business benefit; benchmarking must follow the prescribed transfer pricing method, and the assessee's documentation showing receipt of services was not effectively dislodged, so the nil ALP adjustment was deleted. Interest on outstanding receivables from associated enterprises also must be benchmarked under the transfer pricing framework using an appropriate method and comparable conditions, not by applying the State Bank of India prime lending rate as a standalone standard, so that adjustment was likewise deleted. The article states that both additions were unsustainable and that the assessee obtained complete relief. Case-Laws Income Tax Tue, 04 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408268