https://www.taxtmi.com/highlights?id=48941 TP Adjustment - outstanding receivables having delay beyond 30 days - Since the receivables have been received within ordinary time period, it cannot be recharacterized as unsecured loans and accordingly, no adjustment on account of delay in receipt of receivable can be made in the income of the assessee considering the fact that delay is not inordinate but reasonable - no addition en-us Wed, 28 Aug 2019 07:54:06 +0530 Wed, 28 Aug 2019 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48941 TP Adjustment - outstanding receivables having delay beyond 30 days - Since the receivables have been received within ordinary time period, it cannot be recharacterized as unsecured loans and accordingly, no adjustment on account of delay in receipt of receivable can be made in the income of the assessee considering the fact that delay is not inordinate but reasonable - no addition Highlights Income Tax Wed, 28 Aug 2019 07:54:06 +0530 https://www.taxtmi.com/highlights?id=48941