https://www.taxtmi.com/caselaws?id=451096 ITAT Hyderabad allowed the appeal partially. The tribunal set aside the working capital adjustment issue to the Assessing Officer/TPO for fresh consideration, following precedents from Parexel International cases. Regarding ECB interest benchmarking, the tribunal accepted the assessee's payment of interest at LIBOR+275 basis points on a five-year ECB loan, noting that such loans can have a spread of 300 basis points and that previous orders had accepted this rate structure. en-us Wed, 06 Mar 2024 00:00:00 +0530 Tue, 19 Mar 2024 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451096 ITAT Hyderabad allowed the appeal partially. The tribunal set aside the working capital adjustment issue to the Assessing Officer/TPO for fresh consideration, following precedents from Parexel International cases. Regarding ECB interest benchmarking, the tribunal accepted the assessee's payment of interest at LIBOR+275 basis points on a five-year ECB loan, noting that such loans can have a spread of 300 basis points and that previous orders had accepted this rate structure. Case-Laws Income Tax Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451096