https://www.taxtmi.com/caselaws?id=305439 The Tribunal ruled in favor of the assessee in a case involving transfer pricing adjustments, treatment of international transactions, and penalties for income concealment. The Tribunal upheld the assessee's method of benchmarking interest rates using LIBOR plus a margin for loans to associated enterprises, rejecting the Transfer Pricing Officer's proposed adjustment based on Indian PLR. The Tribunal considered pledging shares for the benefit of an associated enterprise as an international transaction but reduced the ALP adjustment. The Tribunal remitted the issue of disallowance of export receivables for fresh adjudication and deleted the penalty imposed for income concealment related to the pledge of shares. en-us Tue, 08 Mar 2022 00:00:00 +0530 Sun, 04 Dec 2022 18:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305439 The Tribunal ruled in favor of the assessee in a case involving transfer pricing adjustments, treatment of international transactions, and penalties for income concealment. The Tribunal upheld the assessee's method of benchmarking interest rates using LIBOR plus a margin for loans to associated enterprises, rejecting the Transfer Pricing Officer's proposed adjustment based on Indian PLR. The Tribunal considered pledging shares for the benefit of an associated enterprise as an international transaction but reduced the ALP adjustment. The Tribunal remitted the issue of disallowance of export receivables for fresh adjudication and deleted the penalty imposed for income concealment related to the pledge of shares. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305439