Delayed Receivables From AE adjusted In Working-Capital: Allahabad HC directs TPO to decide on Interest Receivables [Read Order]
The bench reiterated that once working capital adjustment is granted to the assessee, there is no need for further imputation of interest on outstanding receivables at the end of the year as the same gets subsumed in the working capital adjustment
In a recent case, the Allahabad High Court Directed the Transfer Pricing Officer (TPO)to decide on the Interest receivables as it was adjusted in working capital. The bench reiterated that once working capital adjustment is granted to assessee, there is no need for further imputation of interest on outstanding receivables at the end of the…
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