https://www.taxtmi.com/caselaws?id=396613 The Tribunal allowed both appeals of the assessee, concluding that no adjustment was warranted on account of notional interest on outstanding receivables from Associated Enterprises. The Tribunal emphasized that working capital adjustments already factored in the impact of receivables and that no further adjustment was necessary if the taxpayer was debt-free. The decision was based on the principles established by higher judicial authorities and the specific facts of the case. en-us Thu, 09 Jul 2020 00:00:00 +0530 Mon, 13 Jul 2020 10:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396613 The Tribunal allowed both appeals of the assessee, concluding that no adjustment was warranted on account of notional interest on outstanding receivables from Associated Enterprises. The Tribunal emphasized that working capital adjustments already factored in the impact of receivables and that no further adjustment was necessary if the taxpayer was debt-free. The decision was based on the principles established by higher judicial authorities and the specific facts of the case. Case-Laws Income Tax Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396613