https://www.taxtmi.com/caselaws?id=755273 ITAT Pune dismissed the assessee's appeal regarding transfer pricing adjustment on External Commercial Borrowing interest. The tribunal held that the assessee's benchmarking analysis was defective, failing to conduct proper credit rating analysis and using an unauthorized "Other Method." The TPO correctly applied SBI base rate plus 25 basis points as arm's length interest rate, finding the assessee's 10-10.5% compound interest rate excessive. The tribunal confirmed the jurisdictional Assessing Officer had proper authority under Section 144B(8) to pass the final assessment order after obtaining CBDT permission for case transfer. en-us Thu, 14 Dec 2023 00:00:00 +0530 Wed, 10 Jul 2024 08:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755273 ITAT Pune dismissed the assessee's appeal regarding transfer pricing adjustment on External Commercial Borrowing interest. The tribunal held that the assessee's benchmarking analysis was defective, failing to conduct proper credit rating analysis and using an unauthorized "Other Method." The TPO correctly applied SBI base rate plus 25 basis points as arm's length interest rate, finding the assessee's 10-10.5% compound interest rate excessive. The tribunal confirmed the jurisdictional Assessing Officer had proper authority under Section 144B(8) to pass the final assessment order after obtaining CBDT permission for case transfer. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755273