https://www.taxtmi.com/caselaws?id=759272 The ITAT Hyderabad addressed multiple transfer pricing issues. For technical services from AE, the Tribunal held that TPO cannot apply benefit test while computing ALP, citing SC precedent that revenue authorities cannot second-guess business decisions, directing deletion of addition. For regional support services, assessee granted additional opportunity to prove case. Interest on receivables benchmarked at LIBOR + 200 points following recent Tribunal decision. Issues regarding taxability of interest income, employee loans written off, and security deposits were remitted back to TPO for fresh examination after assessee provided additional evidence and documentation. en-us Mon, 09 Sep 2024 00:00:00 +0530 Thu, 26 Sep 2024 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759272 The ITAT Hyderabad addressed multiple transfer pricing issues. For technical services from AE, the Tribunal held that TPO cannot apply benefit test while computing ALP, citing SC precedent that revenue authorities cannot second-guess business decisions, directing deletion of addition. For regional support services, assessee granted additional opportunity to prove case. Interest on receivables benchmarked at LIBOR + 200 points following recent Tribunal decision. Issues regarding taxability of interest income, employee loans written off, and security deposits were remitted back to TPO for fresh examination after assessee provided additional evidence and documentation. Case-Laws Income Tax Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759272