https://www.taxtmi.com/caselaws?id=300375 The Tribunal allowed the appeal, directing the deletion of the transfer pricing adjustment on outstanding receivables treated as deemed loan. It emphasized the importance of considering overall profitability and established transfer pricing principles, concluding that further adjustments based solely on outstanding receivables would distort the transaction's nature. The Tribunal referenced a High Court decision affirming this approach, noting that the Revenue's appeal to the Supreme Court did not affect the High Court's binding decision. en-us Mon, 31 Dec 2018 00:00:00 +0530 Fri, 28 Jan 2022 19:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300375 The Tribunal allowed the appeal, directing the deletion of the transfer pricing adjustment on outstanding receivables treated as deemed loan. It emphasized the importance of considering overall profitability and established transfer pricing principles, concluding that further adjustments based solely on outstanding receivables would distort the transaction's nature. The Tribunal referenced a High Court decision affirming this approach, noting that the Revenue's appeal to the Supreme Court did not affect the High Court's binding decision. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300375