https://www.taxtmi.com/caselaws?id=122073 The Tribunal upheld the TPO's determination of additional income but modified the interest rate to 5% instead of 10.25%. The Tribunal affirmed the TPO's jurisdiction over outstanding receivables and interest calculation, rejecting the assessee's challenge. The Commissioner's directions on interest income were partially approved, with the Tribunal adjusting the rate based on potential loss to the assessee in India. The appeal by the assessee was partly allowed, and the Revenue's appeal was allowed, resulting in a balanced resolution of the issues. en-us Thu, 07 Oct 2010 00:00:00 +0530 Wed, 06 Sep 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122073 The Tribunal upheld the TPO's determination of additional income but modified the interest rate to 5% instead of 10.25%. The Tribunal affirmed the TPO's jurisdiction over outstanding receivables and interest calculation, rejecting the assessee's challenge. The Commissioner's directions on interest income were partially approved, with the Tribunal adjusting the rate based on potential loss to the assessee in India. The appeal by the assessee was partly allowed, and the Revenue's appeal was allowed, resulting in a balanced resolution of the issues. Case-Laws Income Tax Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122073