https://www.taxtmi.com/highlights?id=56201 TP Adjustment - Impute interest on receivables - LIBOR + 200 basis point rate is most appropriate rate and hence, direct the AO/TPO to adopt LIBOR + 200 basis point for imputing interest on overdue receivable. - Further, AO is directed to allow normal credit period allowed by the assessee, if any agreed credit period between assessee and AE. If there is no agreed credit period, then the AO is directed to allow standard credit period that the industry is allowing in this line of business. - AT en-us Tue, 05 Jan 2021 11:07:20 +0530 Tue, 05 Jan 2021 11:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56201 TP Adjustment - Impute interest on receivables - LIBOR + 200 basis point rate is most appropriate rate and hence, direct the AO/TPO to adopt LIBOR + 200 basis point for imputing interest on overdue receivable. - Further, AO is directed to allow normal credit period allowed by the assessee, if any agreed credit period between assessee and AE. If there is no agreed credit period, then the AO is directed to allow standard credit period that the industry is allowing in this line of business. - AT Highlights Income Tax Tue, 05 Jan 2021 11:07:20 +0530 https://www.taxtmi.com/highlights?id=56201