itself has availed a term loan of USD
15,000,000 from DVB Merchant Bank (Asia) Ltd. at LIBOR plus 100
basis points for seven ... Assessee borrowed a term loan
of US$ 1,50,00,000 from DVB Merchant Bank (Asia) Ltd., at
LIBOR+100 basis points for a period
Operational and remarketing services were sourced
from international service providers, including DVB
Bank SE, London Branch, with supporting agreements
and invoices; and
• Ireland was chosen ... Apex Group Limited; and lastly, certain lease
management functions being contracted to DVB Bank SE,
London.
10. The assessee filed objections before
Greatship (India ) Ltd, Mumbai vs Dcit 5(1)(1), Mumbai on 5 April, 2021
ITA
2024
Assessment Year 2016-2017
Singapore Branch, DVB Group Merchant Bank (Asia) Pte, and Bank
of Nova Scotia Asia Ltd., Singapore, (Now Axis Bank
purchase order dated 30.05.2007 of a „Set Top Box‟
(MPEG-4, SD, DVB-S, Set Top Box (Model CDVB 6750, Coship - IRDETO
