The Resource Case note : High Court determines interest rate on foreign associated enterprise's overdue debt

Case note : High Court determines interest rate on foreign associated enterprise's overdue debt

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Case note : High Court determines interest rate on foreign associated enterprise's overdue debt
Title
Case note : High Court determines interest rate on foreign associated enterprise's overdue debt
Creator
Subject
Language
eng
Summary
This case note reviews the finding by the Bombay High Court in Principal Commissioner of Income-tax-13, Mumbai v. Tecnimont (P.) Ltd. that notional interest imputed for transfer pricing purposes in respect of the delayed recovery by an Indian resident taxpayer of outstanding receivables from a foreign associated enterprise is to be calculated on the basis of the interest rate that prevails in the associated enterprise's country, and not on the basis of the State Bank of India's prime lending rate
Citation source
In: Asia-Pacific tax bulletin. - Amsterdam. - Vol. 25 (2019), no. 1 ; 2 p
http://library.link/vocab/creatorName
  • Dugar, A
  • Bhandari, L
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • transfer pricing
  • interest
  • case law
Label
Case note : High Court determines interest rate on foreign associated enterprise's overdue debt
Instantiates
Publication
Label
Case note : High Court determines interest rate on foreign associated enterprise's overdue debt
Publication

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