RBI’s approval does not put a seal of approval on true character of a transaction from perspective of transfer pricing regulation

RELEVANT PARAGRAPH

These appeals by the assessee are directed against the separate orders of the CIT(A) for the respective assessment years. Since the issues involved in these appeals are common and connected, and these appeals were heard together, these are being consolidated and disposed of together by this common order.

2. One common issue raised is that the CIT(A) erred in not accepting the interest free loan extended to t

Please become a Premium member. If you are already a Premium member, login here to access the full content.