https://www.taxtmi.com/caselaws?id=350299 The Tribunal partially upheld the assessee's appeal against a Transfer Pricing Officer's adjustment, directing the use of SBI interest rates for notional interest on delayed receivables. The Tribunal also emphasized the importance of accurate comparables selection in determining Arms' Length Price (ALP) and instructed the Assessing Officer to consider working capital adjustments before applying interest rates. The judgment underscores the complexities of transfer pricing adjustments and the need for meticulous assessments before levying interest under tax laws. en-us Tue, 24 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350299 The Tribunal partially upheld the assessee's appeal against a Transfer Pricing Officer's adjustment, directing the use of SBI interest rates for notional interest on delayed receivables. The Tribunal also emphasized the importance of accurate comparables selection in determining Arms' Length Price (ALP) and instructed the Assessing Officer to consider working capital adjustments before applying interest rates. The judgment underscores the complexities of transfer pricing adjustments and the need for meticulous assessments before levying interest under tax laws. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350299