https://www.taxtmi.com/caselaws?id=382389 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the adjustment made on outstanding receivables. The Tribunal found that the assessee, a debt-free company, had already factored in the delay in receivables through its working capital adjusted margin. It was concluded that no further adjustment was warranted, leading to the deletion of the addition made by the Commissioner of Income Tax (Appeals). en-us Fri, 28 Jun 2019 00:00:00 +0530 Tue, 02 Jul 2019 07:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382389 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the adjustment made on outstanding receivables. The Tribunal found that the assessee, a debt-free company, had already factored in the delay in receivables through its working capital adjusted margin. It was concluded that no further adjustment was warranted, leading to the deletion of the addition made by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382389