https://www.taxtmi.com/caselaws?id=300605 The Tribunal allowed the assessee's appeal, directing the deletion of the arm's length price adjustment of interest on receivables involving overseas Associated Enterprises. The Tribunal criticized the use of State Bank of India's prime lending rate and short term deposit rate as benchmarks, emphasizing the need to consider international market conditions for such transactions. Relying on judicial precedents, the Tribunal found in favor of the assessee, highlighting the inappropriateness of the authorities' approach. The order was pronounced on 18th June 2021. en-us Fri, 18 Jun 2021 00:00:00 +0530 Tue, 15 Feb 2022 06:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300605 The Tribunal allowed the assessee's appeal, directing the deletion of the arm's length price adjustment of interest on receivables involving overseas Associated Enterprises. The Tribunal criticized the use of State Bank of India's prime lending rate and short term deposit rate as benchmarks, emphasizing the need to consider international market conditions for such transactions. Relying on judicial precedents, the Tribunal found in favor of the assessee, highlighting the inappropriateness of the authorities' approach. The order was pronounced on 18th June 2021. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300605