https://www.taxtmi.com/caselaws?id=306432 The Tribunal set aside the case for fresh adjudication to recompute the Arm's Length Price (ALP) of interest on a loan transaction between the taxpayer and its associated enterprises. The taxpayer's appeal against the impugned order was successful, with the Tribunal directing the Transfer Pricing Officer to determine the interest on the loan at a lower rate of US LIBOR plus 170 basis points. This resolution favored the taxpayer, concluding the dispute in their favor based on court decisions and the specific circumstances of the case. en-us Fri, 06 Dec 2019 00:00:00 +0530 Mon, 30 Jan 2023 21:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306432 The Tribunal set aside the case for fresh adjudication to recompute the Arm's Length Price (ALP) of interest on a loan transaction between the taxpayer and its associated enterprises. The taxpayer's appeal against the impugned order was successful, with the Tribunal directing the Transfer Pricing Officer to determine the interest on the loan at a lower rate of US LIBOR plus 170 basis points. This resolution favored the taxpayer, concluding the dispute in their favor based on court decisions and the specific circumstances of the case. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306432