https://www.taxtmi.com/caselaws?id=417620 The Appellate Tribunal ITAT Hyderabad allowed the appeal for Assessment Year 2013-14, challenging a arms length price adjustment in the assessment order. The Tribunal ruled in favor of the assessee, deleting the arms length price adjustment on receivables. It emphasized that an associate enterprise cannot be considered as a comparable, leading to the adjustment deletion. The decision was based on precedents and deemed other arguments on merits irrelevant. The order was issued on 26th November 2021, concluding the matter. en-us Fri, 26 Nov 2021 00:00:00 +0530 Fri, 28 Jan 2022 09:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417620 The Appellate Tribunal ITAT Hyderabad allowed the appeal for Assessment Year 2013-14, challenging a arms length price adjustment in the assessment order. The Tribunal ruled in favor of the assessee, deleting the arms length price adjustment on receivables. It emphasized that an associate enterprise cannot be considered as a comparable, leading to the adjustment deletion. The decision was based on precedents and deemed other arguments on merits irrelevant. The order was issued on 26th November 2021, concluding the matter. Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417620