https://www.taxtmi.com/highlights?id=52635 TP Adjustments - Arm’s Length adjustment in respect of outstanding receivables - the assessee is a debt free company as is reflected in the profit and loss account - re-characterisation of the outstanding receivables as loan is impermissible unless the transactions are found to be substantially at variance with the stated form. en-us Mon, 30 Mar 2020 12:29:08 +0530 Mon, 30 Mar 2020 12:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52635 TP Adjustments - Arm’s Length adjustment in respect of outstanding receivables - the assessee is a debt free company as is reflected in the profit and loss account - re-characterisation of the outstanding receivables as loan is impermissible unless the transactions are found to be substantially at variance with the stated form. Highlights Income Tax Mon, 30 Mar 2020 12:29:08 +0530 https://www.taxtmi.com/highlights?id=52635