https://www.taxtmi.com/caselaws?id=405500 The Tribunal remitted the issue of Transfer Pricing (TP) Adjustment on Notional Interest on Delayed Trade Receivables back to the AO/TPO for a fresh benchmarking study. It directed consideration of the period of credit enjoyed by comparables and the applicable LIBOR rate, with interest to be computed only for the relevant assessment year. The Tribunal partially allowed the assessee's appeal for statistical purposes, focusing primarily on the TP adjustment matter and not providing detailed discussion on the levy of interest under Section 234B. en-us Thu, 18 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405500 The Tribunal remitted the issue of Transfer Pricing (TP) Adjustment on Notional Interest on Delayed Trade Receivables back to the AO/TPO for a fresh benchmarking study. It directed consideration of the period of credit enjoyed by comparables and the applicable LIBOR rate, with interest to be computed only for the relevant assessment year. The Tribunal partially allowed the assessee's appeal for statistical purposes, focusing primarily on the TP adjustment matter and not providing detailed discussion on the levy of interest under Section 234B. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405500