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Income Tax - Highlights / Catch Notes

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TP Adjustment - ALP determination - interest received on ...


Interest on Outbound Loans to Use LIBOR, Not PLR, for Arm's Length Price, Says Transfer Pricing Officer.

February 7, 2023

Case Laws     Income Tax     AT

TP Adjustment - ALP determination - interest received on outbound loans - LIBOR v/s PLR - the prevailing LIBOR rate should be adopted for the interest received on outbound loans. We therefore direct the Ld. TPO to calculate the interest as per the prevailing LIBOR rates. - AT

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