https://www.taxtmi.com/caselaws?id=194832 The court condoned the delay in re-filing the appeal and dismissed the Revenue's appeal against the ITAT's order regarding transfer pricing adjustments on outstanding receivables. The court held that the adjustments proposed by the TPO and incorporated by the AO were unwarranted, as the Assessee had already considered the impact of outstanding receivables on its working capital and profitability. The court emphasized the need for a case-by-case analysis to establish whether outstanding receivables truly constitute an international transaction benefiting the associated enterprise, rejecting the Revenue's argument based on OECD guidelines. en-us Tue, 25 Apr 2017 00:00:00 +0530 Sat, 09 May 2026 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194832 The court condoned the delay in re-filing the appeal and dismissed the Revenue's appeal against the ITAT's order regarding transfer pricing adjustments on outstanding receivables. The court held that the adjustments proposed by the TPO and incorporated by the AO were unwarranted, as the Assessee had already considered the impact of outstanding receivables on its working capital and profitability. The court emphasized the need for a case-by-case analysis to establish whether outstanding receivables truly constitute an international transaction benefiting the associated enterprise, rejecting the Revenue's argument based on OECD guidelines. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194832