https://www.taxtmi.com/caselaws?id=198145 The Tribunal set aside the issue to the record of the A.O./TPO with the direction to redo the exercise of determining the ALP by considering the proper working capital adjustment in the comparable prices. If, after necessary adjustments, the international transaction is found at arm's length, no separate adjustment for the credit period on receivables from AE is required. The Tribunal also clarified that a two-month credit period should be considered normal business practice in the industry, and the benchmark interest rate should be LIBOR/PLR. The appeal of the assessee was allowed for statistical purposes, and the order was pronounced in the open court on 17th June 2016. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 24 Jan 2018 09:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198145 The Tribunal set aside the issue to the record of the A.O./TPO with the direction to redo the exercise of determining the ALP by considering the proper working capital adjustment in the comparable prices. If, after necessary adjustments, the international transaction is found at arm's length, no separate adjustment for the credit period on receivables from AE is required. The Tribunal also clarified that a two-month credit period should be considered normal business practice in the industry, and the benchmark interest rate should be LIBOR/PLR. The appeal of the assessee was allowed for statistical purposes, and the order was pronounced in the open court on 17th June 2016. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198145