Deletion of secondary TP adjustments, adoption of LIBOR benchmarking, and statutory disallowance of education cess.
Deletion of secondary TP adjustments, adoption of LIBOR benchmarking, and statutory disallowance of education cess. Issue Whether transfer pricing adjustments on exclusivity/transition payments, benchmarking of foreign currency loans, Section 14A disallowances, Section 10A export turnover calculations, TDS credit entitlement, and education cess deductions are sustainable under the Income-tax Act. Facts TP Adjustments on Interest: The… Read More »