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Income Tax - Highlights / Catch Notes

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Transfer pricing adjustment - advance to subsidiary - even ...

Income Tax

February 7, 2016

Transfer pricing adjustment - advance to subsidiary - even though this interest rate could reach upto 400 basis points in some cases, there cannot be any good reason for holding that loan advanced to a subsidiary at 247 basis points above the LIBOR rate is not at an arm’s length price. - AT

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