Tribunal Confirms Interest Imputed on Inter-Company Receivables Is Includible in Transfer Pricing Assessment

Court: Bangalore bench of the Income Tax Appellate Tribunal

Citation: Logix Micro Systems Ltd. Vs. ACIT

Brief: The Bangalore tribunal has confirmed the inclusion of imputing interest on inter- company receivables as part of the transfer pricing assessment scrutiny and held that the arm’s length principle is equally applicable to interest on receivables under the India transfer pricing regulations.

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