https://www.taxtmi.com/caselaws?id=771935 The ITAT Hyderabad allowed the taxpayer's appeal against transfer pricing adjustments made by the TPO on interest payments to associated enterprises. The tribunal vacated the adjustment on interest paid on Compulsory Convertible Debentures, accepting the assessee's benchmarking using SBI-PLR over the TPO's LIBOR plus 200 basis points methodology. For supplier credit interest, the tribunal ruled that since the assessee had no revenue and claimed no deductions, no addition could be made to taxable income based on transfer pricing adjustments. Both transfer pricing adjustments were consequently vacated. en-us Wed, 14 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771935 The ITAT Hyderabad allowed the taxpayer's appeal against transfer pricing adjustments made by the TPO on interest payments to associated enterprises. The tribunal vacated the adjustment on interest paid on Compulsory Convertible Debentures, accepting the assessee's benchmarking using SBI-PLR over the TPO's LIBOR plus 200 basis points methodology. For supplier credit interest, the tribunal ruled that since the assessee had no revenue and claimed no deductions, no addition could be made to taxable income based on transfer pricing adjustments. Both transfer pricing adjustments were consequently vacated. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771935