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2018 (3) TMI 1901 - AT - Income TaxTP Adjustment - ALP determination - DRP applying Prime Lending Rates with respect to outstanding receivables from Associated Enterprises (AEs) rather than applying LIBOR rate of interest - HELD THAT:- As relying on TECNIMONT ICB HOUSE, MUMBAI VERSUS DCIT-9 (3) , MUMBAI [2015 (7) TMI 602 - ITAT MUMBAI] we hereby hold that in the case of the assessee also LIBOR rate may be adopted instead of Prime Lending Rate. It is ordered accordingly.
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