https://www.taxtmi.com/caselaws?id=306516 The appeals challenged transfer pricing adjustments for the assessment years 2012-13 and 2013-14. The Tribunal directed relief from the original adjustments, emphasizing the importance of consistency with precedent and applying the arm's length principle. It held that the interest rate for transfer pricing should be computed at LIBOR +300 bps, with adjustments beyond that not justified. The authorities were instructed to follow established precedents and delete any adjustments exceeding the specified interest rate difference. Both appeals were allowed, and relief was granted accordingly. en-us Tue, 05 Oct 2021 00:00:00 +0530 Sat, 04 Feb 2023 22:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306516 The appeals challenged transfer pricing adjustments for the assessment years 2012-13 and 2013-14. The Tribunal directed relief from the original adjustments, emphasizing the importance of consistency with precedent and applying the arm's length principle. It held that the interest rate for transfer pricing should be computed at LIBOR +300 bps, with adjustments beyond that not justified. The authorities were instructed to follow established precedents and delete any adjustments exceeding the specified interest rate difference. Both appeals were allowed, and relief was granted accordingly. Case-Laws Income Tax Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306516