Case Law Details
Case Name : M/s. Logix Micro Systems Ltd. Vs. Asst. Commissioner of Income-tax (ITAT Bangalore)
Related Assessment Year : 2004- 05
Courts :
All ITAT ITAT Bangalore
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The fact that the international transactions are at ALP does not mean that no addition can be made on the funds kept by the assessee with the AE. If the assessee had received funds within the normal period, it could have earned interest on the same. The potential loss is a factor to be considered while evaluating the financial impact of the international transactions between the assessee and the AE. However, a reasonable period has to be provided as interest-free period;
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