Held that advances to associated enterprises. No interest chargeable no adjustment is required. Performance bank guarantees. Commission was paid by its subsidiary no adjustment required. (AY.2012-13)
KEC International Ltd. v. Dy. CIT (2021) 88 ITR 246 (Mum.)(Trib.)
S. 92C : Transfer pricing-Arm’s length price-Advances to associated enterprises-No interest chargeable-No adjustment is required-Performance bank guarantees-Commission was paid by its subsidiary-No adjustment required. [S. 92CA]