https://www.taxtmi.com/caselaws?id=307464 The tribunal allowed the appeal partly, modifying the interest rate for re-computation of the adjustment to 6% on outstanding receivables at the year-end, instead of the initially applied 14.75%. The decision highlighted the importance of a balanced approach in determining the arm's length price (ALP) rate for transfer pricing, ensuring compliance with transfer pricing principles without unjustly benefiting associated enterprises. The tribunal's judgment addressed the condonation of delay in filing the appeal, the transfer pricing adjustment for interest on trade receivables from associated enterprises, and the appropriate interest rate to be applied, providing clarity on these crucial aspects. en-us Tue, 28 Jun 2022 00:00:00 +0530 Sat, 15 Apr 2023 00:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307464 The tribunal allowed the appeal partly, modifying the interest rate for re-computation of the adjustment to 6% on outstanding receivables at the year-end, instead of the initially applied 14.75%. The decision highlighted the importance of a balanced approach in determining the arm's length price (ALP) rate for transfer pricing, ensuring compliance with transfer pricing principles without unjustly benefiting associated enterprises. The tribunal's judgment addressed the condonation of delay in filing the appeal, the transfer pricing adjustment for interest on trade receivables from associated enterprises, and the appropriate interest rate to be applied, providing clarity on these crucial aspects. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307464