Loan of HDFC Ltd. purchased by HDFC Bank couldn't be held as ‘Specified Domestic Transaction’

IT : Petitioner purchased loans of HDFC Ltd. of more than Rs. 5,000 Crores, and authorities held that said transaction entered into by Petitioner is “Specified Domestic Transactions” (“SDTs”) as per section 92BA(i) and Arms Length Price of said transactions is required to be determined.

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