https://www.taxtmi.com/highlights?id=65596 TP adjustment - Benchmarking of interest on interest free advances good to the subsidiary companies - In the present case, the cost borrowing of the assessee does not have any relevance. Associated Enterprises have made the borrowing in foreign jurisdiction, therefore, the cost of borrowing of the assessee in India cannot be held to be an internal CUP. - order of the ld. AO to charge interest on the advances given to foreign associate enterprise at Libor plus 200 basis point confirmed - AT en-us Mon, 12 Sep 2022 13:49:10 +0530 Mon, 12 Sep 2022 13:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65596 TP adjustment - Benchmarking of interest on interest free advances good to the subsidiary companies - In the present case, the cost borrowing of the assessee does not have any relevance. Associated Enterprises have made the borrowing in foreign jurisdiction, therefore, the cost of borrowing of the assessee in India cannot be held to be an internal CUP. - order of the ld. AO to charge interest on the advances given to foreign associate enterprise at Libor plus 200 basis point confirmed - AT Highlights Income Tax Mon, 12 Sep 2022 13:49:10 +0530 https://www.taxtmi.com/highlights?id=65596