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| The Tax Publishers2021 TaxPub(DT) 5433 (Del-Trib) : (2021) 092 ITR (Trib) 0576 INCOME TAX ACT, 1961
Section 92C
As working capital adjustment was granted, therefore, no separate adjustment towards interest on receivables was required.
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Transfer pricing - Determination of ALP - Adjustment of outstanding receivables from AEs - Working capital adjustment was granted
Assessee having entered into international transaction with its AE, sought for deletion of adjustment of outstanding receivables from AEs. Pleading that working capital adjustment ws granted. Held: As working capital adjustment was granted, therefore, no separate adjustment towards interest on receivables was required.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2012-13 & 2013-14
INCOME TAX ACT, 1961
Section 195
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