https://www.taxtmi.com/caselaws?id=436954 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal regarding the transfer pricing adjustment for notional interest on overdue receivables from Associated Enterprises (AEs), in line with a High Court precedent. Other corporate tax issues raised were not pursued, and the stay application was dismissed as moot. The ITAT held that the working capital adjustment already considered the impact of outstanding receivables, negating the need for further adjustment. The Assessing Officer's determination of taxable income was challenged for factual and legal errors, but the ITAT did not address these issues as they were not pursued by the assessee during the appeal. en-us Thu, 19 Jan 2023 00:00:00 +0530 Tue, 25 Apr 2023 08:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436954 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal regarding the transfer pricing adjustment for notional interest on overdue receivables from Associated Enterprises (AEs), in line with a High Court precedent. Other corporate tax issues raised were not pursued, and the stay application was dismissed as moot. The ITAT held that the working capital adjustment already considered the impact of outstanding receivables, negating the need for further adjustment. The Assessing Officer's determination of taxable income was challenged for factual and legal errors, but the ITAT did not address these issues as they were not pursued by the assessee during the appeal. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436954