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2021 (11) TMI 878 - AT - Income TaxTP Adjustment - adjustment on account of interest on loan to Associated Enterprises (AE) while determining Arm’s Length Price of international transaction - HELD THAT:- Unsecured loan to Associated Enterprise is outstanding on which Arm’s Length Price for interest was computed by TPO in earlier years. Therefore, respectfully following the order of Co-ordinate Bench, we direct the AO/TPO to follow the order of the Tribunal in A.Y. 2008-09, 2010-11 and 2011-12 [2020 (4) TMI 522 - ITAT AHMEDABAD] and re-compute the interest adjustment.
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