International transaction definition: includes associated-enterprise transfers of property, services, financing, or cost allocations affecting taxable profits. Section 92B defines an international transaction as transactions among associated enterprises-where either or both are non-residents-covering purchase, ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
International transaction definition: includes associated-enterprise transfers of property, services, financing, or cost allocations affecting taxable profits.
Section 92B defines an international transaction as transactions among associated enterprises-where either or both are non-residents-covering purchase, sale, lease or use of tangible and intangible property, provision of services, lending or borrowing, capital financing and cost-allocation arrangements; it also deems certain third-party dealings to be international transactions where terms are determined with or pursuant to an associated enterprise and lists illustrative categories of intangible assets and services included within the definition.
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