https://www.taxtmi.com/caselaws?id=409740 The Tribunal partly allowed the assessee's M.As, finding no mistakes in the ALP adjustment for ITeS services due to higher margins than comparables. The issue of interest on advances for equity investment was remanded for further examination to determine if the investment was made for equity. The Tribunal rejected the assessee's argument regarding interest on outstanding receivables in the ALP adjustment, clarifying that working capital adjustment only covered interest on receivables as of the closing date. The order was pronounced on 14th July 2021. en-us Wed, 14 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 08:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409740 The Tribunal partly allowed the assessee's M.As, finding no mistakes in the ALP adjustment for ITeS services due to higher margins than comparables. The issue of interest on advances for equity investment was remanded for further examination to determine if the investment was made for equity. The Tribunal rejected the assessee's argument regarding interest on outstanding receivables in the ALP adjustment, clarifying that working capital adjustment only covered interest on receivables as of the closing date. The order was pronounced on 14th July 2021. Case-Laws Income Tax Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409740