| COURT: | ITAT Hyderabad |
| CORAM: | B. Ramakotiah (AM), Saktijit Dey (JM) |
| SECTION(S): | 92CA(3) |
| GENRE: | Transfer Pricing |
| CATCH WORDS: | ALP, Euribor, LIBOR |
| COUNSEL: | S. Rama Rao |
| DATE: | October 15, 2014 (Date of pronouncement) |
| DATE: | October 20, 2014 (Date of publication) |
| AY: | 2008-09 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Fraud in determination of LIBOR/ EURIBOR no reason to discard it as ALP | |
The department claimed that in determining the ALP of an international transaction of loan by the assessee to its AE, LIBOR could not be treated as the ALP as there was a “fraud” regarding fixation of ‘LIBOR’ as evidenced by …
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