Dismissing the SLP of the Revenue the Court held that the order of High Court wherein the Court held that debtor days given to non-AEs were more than debtor days given to AEs, and assessee had net monthly balance payable to AEs as opposed to monthly balance receivable from AEs assessee was justified in not charging interest on delayed payments by AEs and in not levying any interest on delayed payments made by non-AEs.(AY. 2009-10)
PCIT v. Avery Dennison (I) (P.) Ltd (2023) 295 Taxman 314 (SC) Editorial: PCIT v. Avery Dennison (I) (P.) Ltd (2023) 154 taxmann.com 454 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Interest-Net monthly balance payable-Justified in not charging interest in delayed payments to non-AEs-SLP of Revenue is dismissed.[Art. 136]