https://www.taxtmi.com/caselaws?id=350185 ITAT-DELHI (AT) upheld deselection of functionally dissimilar comparables for an SEZ-registered ITES assessee, affirmed a 30-day normal credit period, and confirmed a TP adjustment using external CUP charging interest at 14.88% p.a. on receivables beyond 30 days, computing interest receivable at Rs. 31,577,050. The tribunal directed the AO to consider the assessee's rectification application under section 154 within 30 days, after hearing. It also held that delayed realization of export proceeds beyond six months does not negate deduction under section 10AA and directed allowance of Rs. 4.80 crores as export turnover. Grounds of appeal were partly allowed. en-us Mon, 30 Oct 2017 00:00:00 +0530 Sat, 27 Sep 2025 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350185 ITAT-DELHI (AT) upheld deselection of functionally dissimilar comparables for an SEZ-registered ITES assessee, affirmed a 30-day normal credit period, and confirmed a TP adjustment using external CUP charging interest at 14.88% p.a. on receivables beyond 30 days, computing interest receivable at Rs. 31,577,050. The tribunal directed the AO to consider the assessee's rectification application under section 154 within 30 days, after hearing. It also held that delayed realization of export proceeds beyond six months does not negate deduction under section 10AA and directed allowance of Rs. 4.80 crores as export turnover. Grounds of appeal were partly allowed. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350185