https://www.taxtmi.com/caselaws?id=756719 ITAT Hyderabad ruled on transfer pricing and deduction issues. Following Redington India Ltd., corporate guarantee was held to be an international transaction requiring benchmarking at 0.50% commission. For interest on receivables, credit period extended to non-associated enterprises must also apply to associated enterprises, with interest rate set at LIBOR+200 points. Regarding weighted deduction under section 35(2AB), expenditure on clinical trials qualified for weighted deduction when approved by prescribed authority, following Cadila Healthcare Ltd. precedent, though unapproved R&D expenses received only 100% deduction. en-us Tue, 23 Jul 2024 00:00:00 +0530 Tue, 06 Aug 2024 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756719 ITAT Hyderabad ruled on transfer pricing and deduction issues. Following Redington India Ltd., corporate guarantee was held to be an international transaction requiring benchmarking at 0.50% commission. For interest on receivables, credit period extended to non-associated enterprises must also apply to associated enterprises, with interest rate set at LIBOR+200 points. Regarding weighted deduction under section 35(2AB), expenditure on clinical trials qualified for weighted deduction when approved by prescribed authority, following Cadila Healthcare Ltd. precedent, though unapproved R&D expenses received only 100% deduction. Case-Laws Income Tax Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756719