https://www.taxtmi.com/caselaws?id=326286 The Tribunal upheld the assessee's grievance, directing the AO to delete the arm's length price adjustment. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed as infructuous. The Tribunal found that no separate adjustment for delay in realization of debts can be made when the sale is benchmarked on the TNMM basis. The interest income is considered part of the PBIT, and once profitability is comparable, no further adjustment for interest income on delayed realization is warranted. en-us Thu, 31 Mar 2016 00:00:00 +0530 Fri, 24 Jun 2016 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326286 The Tribunal upheld the assessee's grievance, directing the AO to delete the arm's length price adjustment. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed as infructuous. The Tribunal found that no separate adjustment for delay in realization of debts can be made when the sale is benchmarked on the TNMM basis. The interest income is considered part of the PBIT, and once profitability is comparable, no further adjustment for interest income on delayed realization is warranted. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326286