https://www.taxtmi.com/caselaws?id=461080 The Tribunal set aside the TPO's adjustment of Rs. 31,89,289/- related to delayed trade receivables from associated enterprises, directing a fresh examination. It emphasized that the TPO should consider the agreed 90-day credit period and, if exceeded, apply the LIBOR plus 200 basis points as the benchmark. The Tribunal noted that the issue was not previously raised before the DRP but found merit in reassessing the transaction using appropriate international commercial principles. The appeal was partly allowed for statistical purposes, requiring further verification and adjustment by the TPO. en-us Tue, 15 Oct 2024 00:00:00 +0530 Tue, 11 Mar 2025 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461080 The Tribunal set aside the TPO's adjustment of Rs. 31,89,289/- related to delayed trade receivables from associated enterprises, directing a fresh examination. It emphasized that the TPO should consider the agreed 90-day credit period and, if exceeded, apply the LIBOR plus 200 basis points as the benchmark. The Tribunal noted that the issue was not previously raised before the DRP but found merit in reassessing the transaction using appropriate international commercial principles. The appeal was partly allowed for statistical purposes, requiring further verification and adjustment by the TPO. Case-Laws Income Tax Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461080