https://www.taxtmi.com/caselaws?id=794234 Benchmarking interest on an ECB loan to an associated enterprise should be done under the Comparable Uncontrolled Price method, with a Libor plus spread where foreign currency lending conditions are the relevant comparables; the transfer pricing adjustment was therefore remitted for fresh computation by the TPO. The assessee's alternative method was treated as acceptable on the facts noted, and the rejection of that approach was considered erroneous. On the TDS credit issue, the assessment record showed a mismatch between the credit claimed and credit allowed, so the Assessing Officer was directed to verify the claim and grant credit in accordance with law. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794234 Benchmarking interest on an ECB loan to an associated enterprise should be done under the Comparable Uncontrolled Price method, with a Libor plus spread where foreign currency lending conditions are the relevant comparables; the transfer pricing adjustment was therefore remitted for fresh computation by the TPO. The assessee's alternative method was treated as acceptable on the facts noted, and the rejection of that approach was considered erroneous. On the TDS credit issue, the assessment record showed a mismatch between the credit claimed and credit allowed, so the Assessing Officer was directed to verify the claim and grant credit in accordance with law. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794234