https://www.taxtmi.com/caselaws?id=256058 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer/TPO to re-evaluate the determination of arm's length price (ALP) in light of the observations made. The Tribunal held that the delay in realization of dues from the associate enterprise constitutes an international transaction under the expanded definition. It also concluded that the extended credit period to the AE is closely linked with the main international transaction of sale to the AE and should not be treated as a separate international transaction. The Tribunal instructed the authorities to reconsider the interest rate on outstanding amounts based on the average cost of funds available to the assessee. en-us Wed, 14 Jan 2015 00:00:00 +0530 Mon, 09 Nov 2015 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256058 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer/TPO to re-evaluate the determination of arm's length price (ALP) in light of the observations made. The Tribunal held that the delay in realization of dues from the associate enterprise constitutes an international transaction under the expanded definition. It also concluded that the extended credit period to the AE is closely linked with the main international transaction of sale to the AE and should not be treated as a separate international transaction. The Tribunal instructed the authorities to reconsider the interest rate on outstanding amounts based on the average cost of funds available to the assessee. Case-Laws Income Tax Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256058