Friday, 7 March 2014

ITAT sets aside TP adjustment of notional interest as no independent uncontrolled transaction was av

IT/ILT : Where in course of transfer pricing proceedings, Assessing Officer made addition to assessee's ALP on account of notional interest charged on loan granted to AE, in absence of any independent uncontrolled transaction available on record in that regard, impugned addition was not sustainable


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