https://www.taxtmi.com/caselaws?id=445134 ITAT Chennai-AT addressed transfer pricing adjustments in a working capital and economic adjustment dispute. The tribunal upheld CIT(A)'s order on working capital adjustment, ruling that availed credit period rather than agreed credit period should be considered per OECD guidelines, dismissing Revenue's appeal. However, regarding foreign exchange fluctuation loss and non-cenvatable custom duty adjustments, the tribunal found insufficient adjudication by lower authorities and remanded the matter to AO/TPO for detailed examination and verification of comparative custom duty payments and foreign exchange losses. en-us Wed, 23 Aug 2023 00:00:00 +0530 Wed, 01 Nov 2023 08:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445134 ITAT Chennai-AT addressed transfer pricing adjustments in a working capital and economic adjustment dispute. The tribunal upheld CIT(A)'s order on working capital adjustment, ruling that availed credit period rather than agreed credit period should be considered per OECD guidelines, dismissing Revenue's appeal. However, regarding foreign exchange fluctuation loss and non-cenvatable custom duty adjustments, the tribunal found insufficient adjudication by lower authorities and remanded the matter to AO/TPO for detailed examination and verification of comparative custom duty payments and foreign exchange losses. Case-Laws Income Tax Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445134