ITAT Benchmark Rates by Currency-Specific Standards, Restricts Guarantee Adjustment, and Relieves Foreign Exchange Loss Disallowances
ITAT Benchmark Rates by Currency-Specific Standards, Restricts Guarantee Adjustment, and Relieves Foreign Exchange Loss Disallowances ITAT Benchmark Rates by Currency-Specific Standards, Restricts Guarantee Adjustment, and Relieves Foreign Exchange Loss Disallowances Issue Whether interest on foreign currency loans to AEs should be benchmarked using currency-specific rates (LIBOR) rather than Indian SBI PLR. Whether corporate guarantees to… Read More »