The Tribunal held that  the borrower lacked resources and the credibility as standalone entities to service funds/loans so raised to carry out business activities that require intensive capital outlays. The AE was without any creditworthiness in spite of the assets sought to be bought as there were no factor to comfort the lenders to grant commercial loans at competitive rates as held by the TPO/DRP. Tribunal held that the DRP was right in holding that the said transaction is International Transactions. But as regards the rate is concerned by following the decision in case of Fresenius Kabi Oncology Ltd[2019] 106 taxmann.com 403, the matter  remand back this issue to the file of the Assessing Officer/TPO with the direction that the same should be taken as 1%.  (AY. 2014-15)