Negative Working Capital Adjustment Unnecessary if No Risk Assumed; Align Comparable Profits Instead, Says Transfer Pricing Case.

Negative Working Capital Adjustment Unnecessary if No Risk Assumed; Align Comparable Profits Instead, Says Transfer Pricing Case. https://www.taxtmi.com/highlights?id=57327 TP Adjustment - Working capital adjustment - there is no need for making any negative working capital adjustment, when assessee does not carry on with any working capital risk. All the Ld.TPO was supposed to do was to carry out necessary working capital adjustment to the profits of the selected comparables so as to make them comparable to assessee, rather than making negative working capital adjustment. - AT en-us Thu, 25 Mar 2021 20:08:42 +0530 Thu, 25 Mar 2021 20:08:42 +0530 TaxTMI RSS Generator Negative Working Capital Adjustment Unnecessary if No Risk Assumed; Align Comparable Profits Instead, Says Transfer Pricing Case. https://www.taxtmi.com/highlights?id=57327 TP Adjustment - Working capital adjustment - there is no need for making any negative working capital adjustment, when assessee does not carry on with any working capital risk. All the Ld.TPO was supposed to do was to carry out necessary working capital adjustment to the profits of the selected comparables so as to make them comparable to assessee, rather than making negative working capital adjustment. - AT Highlights Income Tax Thu, 25 Mar 2021 20:08:42 +0530 https://www.taxtmi.com/highlights?id=57327