Interest Cost Imputed for Delayed Payments by Associated Enterprise, Resulting in Financial Advantage and Assessee's Expense.

Interest Cost Imputed for Delayed Payments by Associated Enterprise, Resulting in Financial Advantage and Assessee's Expense. https://www.taxtmi.com/highlights?id=68145 TP Adjustment - interest on receivables - by permitting the AE to hold on to the payments, the assessee has allowed the AE to reap financial benefit at the cost of assessee, as, the assessee is incurring interest cost. Therefore, interest cost has to be imputed on delay in receiving outstanding invoice amounts. - AT en-us Tue, 07 Feb 2023 10:07:50 +0530 Tue, 07 Feb 2023 10:07:50 +0530 TaxTMI RSS Generator Interest Cost Imputed for Delayed Payments by Associated Enterprise, Resulting in Financial Advantage and Assessee's Expense. https://www.taxtmi.com/highlights?id=68145 TP Adjustment - interest on receivables - by permitting the AE to hold on to the payments, the assessee has allowed the AE to reap financial benefit at the cost of assessee, as, the assessee is incurring interest cost. Therefore, interest cost has to be imputed on delay in receiving outstanding invoice amounts. - AT Highlights Income Tax Tue, 07 Feb 2023 10:07:50 +0530 https://www.taxtmi.com/highlights?id=68145