LIBOR cannot always be rate at which Intra-Bank Transactions take place: ITAT deletes ALP Adjustment [Read Order]

LIBOR - rate - at - which - Intra - Bank - Transactions - take - place - ITAT - deletes - ALP - Adjustment - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted Arm Length Price (ALP) adjustment as London Inter-Bank Offered Rate (LIBOR) cannot always be rate at which intra-bank transactions take place. The Dispute Resolution Panel (DRP) erred in upholding the action of the learned Deputy Commissioner of Income-tax (Transfer Pricing)(‘TPO’) in computing the arm’s length price…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader