https://www.taxtmi.com/caselaws?id=407329 Delayed receivables from associated enterprises were treated as an international transaction for transfer pricing purposes, and the notional interest adjustment was upheld because the assessee had itself furnished the working and sought a lower interest rate. The Form 26AS tax credit mismatch required factual verification to ensure the same income was not taxed twice, so the matter was accepted for verification. A disallowance under section 14A read with Rule 8D could not be added back while computing book profit under section 115JB, and the MAT adjustment was deleted. en-us Fri, 23 Apr 2021 00:00:00 +0530 Fri, 07 May 2021 08:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407329 Delayed receivables from associated enterprises were treated as an international transaction for transfer pricing purposes, and the notional interest adjustment was upheld because the assessee had itself furnished the working and sought a lower interest rate. The Form 26AS tax credit mismatch required factual verification to ensure the same income was not taxed twice, so the matter was accepted for verification. A disallowance under section 14A read with Rule 8D could not be added back while computing book profit under section 115JB, and the MAT adjustment was deleted. Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407329