https://www.taxtmi.com/caselaws?id=390514 The appeal was partly allowed, with the Tribunal ordering the deletion of the addition of Rs. 19,79,520/- on account of interest on outstanding receivables from the Associated Enterprise. The Tribunal found in favor of the taxpayer, emphasizing the significance of considering working capital adjustments and transaction context rather than re-characterizing them in isolation. Grounds No. 2, 3, and 4 were dismissed or deemed not requiring specific findings. en-us Tue, 31 Dec 2019 00:00:00 +0530 Sun, 05 Jan 2020 12:23:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390514 The appeal was partly allowed, with the Tribunal ordering the deletion of the addition of Rs. 19,79,520/- on account of interest on outstanding receivables from the Associated Enterprise. The Tribunal found in favor of the taxpayer, emphasizing the significance of considering working capital adjustments and transaction context rather than re-characterizing them in isolation. Grounds No. 2, 3, and 4 were dismissed or deemed not requiring specific findings. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390514