{"id":23234,"date":"2021-12-21T16:54:53","date_gmt":"2021-12-21T11:24:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/electrosteel-castings-ltd-v-dcit-2021-189-itd-183-kol-trib-2\/"},"modified":"2021-12-21T16:54:53","modified_gmt":"2021-12-21T11:24:53","slug":"electrosteel-castings-ltd-v-dcit-2021-189-itd-183-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/electrosteel-castings-ltd-v-dcit-2021-189-itd-183-kol-trib-2\/","title":{"rendered":"Electrosteel Castings Ltd. v. DCIT (2021) 189 ITD 183 (Kol.) (Trib.)"},"content":{"rendered":"<p>Held that transaction of giving interest-free advance to associated enterprise in foreign currency should be benchmarked by applying LIBOR and not domestic lending rate. Transaction of giving guarantee on a loan availed of by AE is an international transaction. (AY. 2012-13, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Interest free advance-LIBOR rate and not domestic lending rate-Loan to AE-International Transaction. [S. 92B] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-23234","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-62K","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23234"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23234\/revisions"}],"predecessor-version":[{"id":23235,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23234\/revisions\/23235"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}