https://www.taxtmi.com/caselaws?id=759640 The Tribunal partially allowed the assessee's appeal, addressing two key issues. For Ground No. 4, it upheld the use of LIBOR +200 points for benchmarking interest on receivables between the assessee and its Associated Enterprise. For Ground No. 13, it remanded the issue of tax credit for assets and liabilities of an amalgamated company back to the Assessing Officer for reevaluation, ensuring the assessee could demonstrate compliance with merger conditions. The Tribunal's decision mandates further examination by the Assessing Officer, emphasizing the need for fresh adjudication on the tax credit matter. en-us Mon, 09 Sep 2024 00:00:00 +0530 Fri, 04 Oct 2024 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759640 The Tribunal partially allowed the assessee's appeal, addressing two key issues. For Ground No. 4, it upheld the use of LIBOR +200 points for benchmarking interest on receivables between the assessee and its Associated Enterprise. For Ground No. 13, it remanded the issue of tax credit for assets and liabilities of an amalgamated company back to the Assessing Officer for reevaluation, ensuring the assessee could demonstrate compliance with merger conditions. The Tribunal's decision mandates further examination by the Assessing Officer, emphasizing the need for fresh adjudication on the tax credit matter. Case-Laws Income Tax Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759640