https://www.taxtmi.com/caselaws?id=434867 The Tribunal partly allowed the appeal by directing the exclusion of Persistent Systems Ltd. from the list of comparables and upholding the application of LIBOR+2% for interest on receivables. The inclusion of E-Infochips, Bangalore Ltd., and Kals Information System Ltd. as comparables was upheld. en-us Wed, 07 Sep 2022 00:00:00 +0530 Mon, 06 Mar 2023 11:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434867 The Tribunal partly allowed the appeal by directing the exclusion of Persistent Systems Ltd. from the list of comparables and upholding the application of LIBOR+2% for interest on receivables. The inclusion of E-Infochips, Bangalore Ltd., and Kals Information System Ltd. as comparables was upheld. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434867