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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

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

Income Tax

February 7, 2023

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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