https://www.taxtmi.com/caselaws?id=348821 The Tribunal allowed the assessee's appeal regarding the adjustment of interest on outstanding trade receivables from Associated Enterprises, stating that the Transfer Pricing Officer's action was not justified under section 92CA(3) of the Income Tax Act. The Tribunal directed the Assessing Officer to correct the adjustment. Additionally, the Tribunal admitted the assessee's ground on the incorrect calculation of surcharge on dividend distribution tax for adjudication, instructing the Assessing Officer to recalculate the surcharge appropriately. The appeal was allowed on both grounds for statistical purposes, emphasizing adherence to legal provisions and judicial precedents in tax assessments. en-us Mon, 25 Sep 2017 00:00:00 +0530 Sat, 30 Sep 2017 21:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348821 The Tribunal allowed the assessee's appeal regarding the adjustment of interest on outstanding trade receivables from Associated Enterprises, stating that the Transfer Pricing Officer's action was not justified under section 92CA(3) of the Income Tax Act. The Tribunal directed the Assessing Officer to correct the adjustment. Additionally, the Tribunal admitted the assessee's ground on the incorrect calculation of surcharge on dividend distribution tax for adjudication, instructing the Assessing Officer to recalculate the surcharge appropriately. The appeal was allowed on both grounds for statistical purposes, emphasizing adherence to legal provisions and judicial precedents in tax assessments. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348821