https://www.taxtmi.com/caselaws?id=307466 The Tribunal allowed the appellant's appeal for statistical purposes, remitting the issue back to the Assessing Officer/Transfer Pricing Officer to determine the Arm's Length Price (ALP) properly and rectify computational errors in the adjustment for interest on delayed receivables. The Tribunal agreed with the appellant's contentions regarding the lack of benchmarking analysis and the inapplicability of interest adjustments for a debt-free company. This case emphasizes the importance of adhering to prescribed methods for ALP determination in international transactions, rectifying computational errors, and considering specific circumstances when making transfer pricing adjustments. en-us Wed, 24 Aug 2022 00:00:00 +0530 Sat, 15 Apr 2023 00:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307466 The Tribunal allowed the appellant's appeal for statistical purposes, remitting the issue back to the Assessing Officer/Transfer Pricing Officer to determine the Arm's Length Price (ALP) properly and rectify computational errors in the adjustment for interest on delayed receivables. The Tribunal agreed with the appellant's contentions regarding the lack of benchmarking analysis and the inapplicability of interest adjustments for a debt-free company. This case emphasizes the importance of adhering to prescribed methods for ALP determination in international transactions, rectifying computational errors, and considering specific circumstances when making transfer pricing adjustments. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307466