Tribunal Rules Interest on Foreign Currency Loan at Arm's Length; Assessee's Appeal Allowed, Tax Addition Deleted.

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....TP Adjustment - interest charged on foreign currency loan - The Tribunal ruled in favor of the Assessee, finding that the interest charged on the loan to its Associated Enterprise was at an arm's length rate. As a result, the appeal of the Assessee was allowed, and the addition sustained by the CIT(A) was directed to be deleted.....