No Interest on delayed realization of export proceeds from AEs: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that no interest shall be levied on delayed realization of export proceeds from Associate Enterprises(AE). In the case of  Assessee Strides Pharma Science Limited the  Transfer Pricing Officer made an addition towards the  interest on delayed realization of export proceeds from associate enterprise and passed order. Accordingly,…