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2018 (11) TMI 1693 - BOMBAY HIGH COURTTP Adjustment - Tribunal in terms of Section 92C r.w.r. 10B of the I.T. Rules, in restricting the rate of interest at 'LIBOR + 2%' on loans given by the Assessee to its Associated Enterprise instead of 17.26% proposed by the Transfer Pricing Officer (TPO)? - Tribunal also restricting the rate of interest at 0.5% on corporate guarantee given by the Assessee to its Associated Enterprise instead of 6% proposed by the Transfer Pricing Officer - HELD THAT:- Both the questions for our consideration stand concluded against Revenue and in favour of the Respondent Assessee by the decision of this Court in CIT Vs. M/s Everest Kanto Cyliners Ltd. [2018 (7) TMI 2048 - BOMBAY HIGH COURT ] . Infact, the impugned order of the Tribunal has followed its decision in Everest Kanto Cyliners Ltd., which was the subject matter of the above appeal before us and the view of the Tribunal was upheld. No substantial question of law
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