https://www.taxtmi.com/caselaws?id=437554 The Tribunal partly allowed both appeals related to interest on loans and advances to Associated Enterprises, corporate guarantee fee, interest on receivables, and disallowance of interest expense on interest-free loans to related parties for the assessment year 2018-19. The Tribunal accepted the assessee's benchmarking for interest rates and directed the Transfer Pricing Officer to adopt the ALP for corporate guarantee fee. The Tribunal also determined the interest rates on receivables and concluded that not charging interest on interest-free loans to related parties did not impact the Government exchequer. en-us Fri, 28 Apr 2023 00:00:00 +0530 Mon, 08 May 2023 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437554 The Tribunal partly allowed both appeals related to interest on loans and advances to Associated Enterprises, corporate guarantee fee, interest on receivables, and disallowance of interest expense on interest-free loans to related parties for the assessment year 2018-19. The Tribunal accepted the assessee's benchmarking for interest rates and directed the Transfer Pricing Officer to adopt the ALP for corporate guarantee fee. The Tribunal also determined the interest rates on receivables and concluded that not charging interest on interest-free loans to related parties did not impact the Government exchequer. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437554