https://www.taxtmi.com/caselaws?id=796585 Delayed receivables from associated enterprises constitute an international transaction, but any notional-interest adjustment must reflect corresponding payables to the same associated enterprise arising in the ordinary course of business. The assessing authority or transfer pricing officer must verify the nexus between those receivables and payables and compute an adjustment only on the net receivable amount. Where an adjustment remains after netting, the applicable benchmark rate is LIBOR plus 200 basis points rather than LIBOR plus 450 basis points. en-us Thu, 02 Jul 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796585 Delayed receivables from associated enterprises constitute an international transaction, but any notional-interest adjustment must reflect corresponding payables to the same associated enterprise arising in the ordinary course of business. The assessing authority or transfer pricing officer must verify the nexus between those receivables and payables and compute an adjustment only on the net receivable amount. Where an adjustment remains after netting, the applicable benchmark rate is LIBOR plus 200 basis points rather than LIBOR plus 450 basis points. Case-Laws Income Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796585