https://www.taxtmi.com/caselaws?id=241955 The Tribunal set aside the Transfer Pricing Officer's order regarding the working capital adjustment for an Indian Branch of a US Corporation. The Tribunal found discrepancies in the TPO's calculation of 'Trade receivables,' noting the absence of clear justification for changing the figure from Nil to a positive amount in subsequent rectification orders. The Tribunal remitted the matter back to the Assessing Officer/TPO for a correct computation of the adjustment, emphasizing the importance of transparency and proper justification in transfer pricing calculations. The appeal was partially allowed for statistical purposes, focusing on resolving the specific issue of the working capital adjustment. en-us Thu, 19 Dec 2013 00:00:00 +0530 Sat, 04 Jan 2014 06:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241955 The Tribunal set aside the Transfer Pricing Officer's order regarding the working capital adjustment for an Indian Branch of a US Corporation. The Tribunal found discrepancies in the TPO's calculation of 'Trade receivables,' noting the absence of clear justification for changing the figure from Nil to a positive amount in subsequent rectification orders. The Tribunal remitted the matter back to the Assessing Officer/TPO for a correct computation of the adjustment, emphasizing the importance of transparency and proper justification in transfer pricing calculations. The appeal was partially allowed for statistical purposes, focusing on resolving the specific issue of the working capital adjustment. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241955