https://www.taxtmi.com/caselaws?id=352783 The Tribunal ruled in favor of the taxpayer, determining that the delay in receivables from associated enterprises did not constitute an international transaction requiring transfer pricing adjustments. The Tribunal directed the assessing officer to reconsider the tax liability, allowing credits for advance tax, TDS, foreign tax, and tax paid under MAT provisions. The Tribunal also found the levy of interest under Sections 234B and 234C to be consequential and did not require specific findings. en-us Tue, 12 Dec 2017 00:00:00 +0530 Thu, 21 Dec 2017 08:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352783 The Tribunal ruled in favor of the taxpayer, determining that the delay in receivables from associated enterprises did not constitute an international transaction requiring transfer pricing adjustments. The Tribunal directed the assessing officer to reconsider the tax liability, allowing credits for advance tax, TDS, foreign tax, and tax paid under MAT provisions. The Tribunal also found the levy of interest under Sections 234B and 234C to be consequential and did not require specific findings. Case-Laws Income Tax Tue, 12 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352783