https://www.taxtmi.com/highlights?id=99364 Additional evidence bearing directly on the transfer pricing adjustment for interest on a loan to an associated enterprise was admitted, including the independent auditor's report, the RBI correspondence and order, and a Hamburg District Court liquidation order. As the subsidiary was stated to be incurring persistent losses and under liquidation, the existing 6% interest adjustment was held unsustainable without examining these materials. The matter was remitted to the Assessing Officer for fresh adjudication in accordance with law after giving the assessee an opportunity of hearing, and no final ruling on the merits of the adjustment was made. en-us Fri, 01 May 2026 10:14:36 +0530 Fri, 01 May 2026 10:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=99364 Additional evidence bearing directly on the transfer pricing adjustment for interest on a loan to an associated enterprise was admitted, including the independent auditor's report, the RBI correspondence and order, and a Hamburg District Court liquidation order. As the subsidiary was stated to be incurring persistent losses and under liquidation, the existing 6% interest adjustment was held unsustainable without examining these materials. The matter was remitted to the Assessing Officer for fresh adjudication in accordance with law after giving the assessee an opportunity of hearing, and no final ruling on the merits of the adjustment was made. Highlights Income Tax Fri, 01 May 2026 10:14:36 +0530 https://www.taxtmi.com/highlights?id=99364