S. 92C : Transfer pricing-Arm’s length price-Adjustment of interest-Foreign subsidiary-Corporate guarantee-Loan to Associated Enterprises- Delay in realizing sale proceeds from Associated Enterprises – Adjustment should be made at average LIBOR rate existing at that time, i.e., at 0.79 per cent, instead of LIBOR +2 per cent. [S. 92B]
CIT v. Vaibhav Gems Ltd ( 2017) 88 taxmann.com 12 (Raj.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Vaibhav Gems Ltd. (2018) 259 Taxman 130 (SC)