https://www.taxtmi.com/caselaws?id=433680 The tribunal partially allowed the appeal challenging the addition of interest on outstanding receivables from Associated Enterprises (AE), considering it as an international transaction. The tribunal upheld the adjustment suggested by the Transfer Pricing Officer (TPO) for delays in receiving outstanding receivables, allowing interest calculation only for certain periods. Regarding the addition to contract revenue, the tribunal directed the Assessing Officer to delete the addition based on a previous decision in the assessee's case. The tribunal also allowed the disallowance of leave encashment benefit to be examined on merits by the AO, permitting the claim for statistical purposes. en-us Thu, 19 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 21:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433680 The tribunal partially allowed the appeal challenging the addition of interest on outstanding receivables from Associated Enterprises (AE), considering it as an international transaction. The tribunal upheld the adjustment suggested by the Transfer Pricing Officer (TPO) for delays in receiving outstanding receivables, allowing interest calculation only for certain periods. Regarding the addition to contract revenue, the tribunal directed the Assessing Officer to delete the addition based on a previous decision in the assessee's case. The tribunal also allowed the disallowance of leave encashment benefit to be examined on merits by the AO, permitting the claim for statistical purposes. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433680