TMI BlogTP Adjustment - Addition considering the interest free loan and advances to its Associated Enterprises -...TP Adjustment - Addition considering the interest free loan and advances to its Associated Enterprises - As assessee got such huge business from its associated enterprises based in the USA. In the absence AE in UK the assessee would have taken services from third party which would have led to more cost than the notional interest income. In other words, the transaction for advancing the interest-free loans to the associated enterprises has to be seen in the context of the benefit received by it f..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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