Libor is Best Benchmark for Interest-Free Loan
www.carajput.com; Transfer pricing LIBOR IS THE BEST BENCHMARK UNDER TRANSFER PRICING FOR INTEREST-FREE LOANS GRANTED TO AE DCIT V. GEODESIC LTD. [MUMBAI ITAT] ITA NO. 1656 OF 2013, DATE OF DECISION: AUGUST 12, 2015 FACTS OF THE CASE The assessee has undertaken a transaction of giving an unsecured interest-free loan to its subsidiary Geodesic Technology …