https://www.taxtmi.com/caselaws?id=472156 Outstanding receivables from an overseas associated enterprise require arm's-length interest benchmarking by reference to the enterprise's residence and the currency of the receivable; LIBOR plus 200 basis points is preferred over Indian lending or deposit rates. Remittances substantiated by board and remittance records as investments should not be recharacterised as loans for imputed-interest adjustments. Interest on delayed service-tax payment is compensatory rather than penal and is deductible. Where no return was filed and the notice period remained open on the search date, the assessment is pending and abated, permitting additions without incriminating material. en-us Wed, 16 Apr 2025 00:00:00 +0530 Thu, 01 Oct 2026 07:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472156 Outstanding receivables from an overseas associated enterprise require arm's-length interest benchmarking by reference to the enterprise's residence and the currency of the receivable; LIBOR plus 200 basis points is preferred over Indian lending or deposit rates. Remittances substantiated by board and remittance records as investments should not be recharacterised as loans for imputed-interest adjustments. Interest on delayed service-tax payment is compensatory rather than penal and is deductible. Where no return was filed and the notice period remained open on the search date, the assessment is pending and abated, permitting additions without incriminating material. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472156