https://www.taxtmi.com/caselaws?id=308035 The Tribunal partly allowed the appeal, providing specific directions for the inclusion/exclusion of comparables and the adoption of LIBOR+200 basis points for interest on receivables. The Tribunal confirmed certain entities as comparables based on functional similarity in trading products, while excluding others due to significant revenue from services or lack of detailed segmental information. The decision emphasized the importance of verifying margin computations and following judicial precedents in benchmarking interest rates. en-us Mon, 05 Sep 2022 00:00:00 +0530 Thu, 25 May 2023 09:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308035 The Tribunal partly allowed the appeal, providing specific directions for the inclusion/exclusion of comparables and the adoption of LIBOR+200 basis points for interest on receivables. The Tribunal confirmed certain entities as comparables based on functional similarity in trading products, while excluding others due to significant revenue from services or lack of detailed segmental information. The decision emphasized the importance of verifying margin computations and following judicial precedents in benchmarking interest rates. Case-Laws Income Tax Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308035