The Tribunal held that the service agreement was amended to 90 days. Thus, the Transfer Pricing Officer was to consider the credit period of 90 days while determining the arm’s length price afresh, after providing reasonable opportunity of being heard to the assessee. Matter remanded. (AY. 2015-16]
Outsourcepartners International Pvt. Ltd. v. ACIT (2022)97 ITR 22 (SN) (Bang) (Trib)
S. 92C : Transfer pricing-Arm’s length price-Interest on receivables-Reduction of credit period to 30 days from 90 days by Dispute Resolution Panel-Service agreement with associated enterprise amended to 90 days-TPO to consider 90 days-Matter Remanded. [S. 92B (1)]