https://www.taxtmi.com/caselaws?id=447765 ITAT Mumbai ruled in favor of the assessee regarding transfer pricing adjustments on interest for delayed receipts from US AE. The TPO sought 2% interest adjustment for excess credit period beyond stipulated terms and questioned why 10% interest charged to German AE shouldn't apply to delayed US receipts. Despite coordinate bench precedent supporting interest adjustment on delayed receipts and revenue's cross-appeal on rate determination, the tribunal allowed the assessee's appeal, leaving the arm's length price determination issue resolved in assessee's favor. en-us Fri, 27 Oct 2023 00:00:00 +0530 Thu, 04 Jan 2024 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447765 ITAT Mumbai ruled in favor of the assessee regarding transfer pricing adjustments on interest for delayed receipts from US AE. The TPO sought 2% interest adjustment for excess credit period beyond stipulated terms and questioned why 10% interest charged to German AE shouldn't apply to delayed US receipts. Despite coordinate bench precedent supporting interest adjustment on delayed receipts and revenue's cross-appeal on rate determination, the tribunal allowed the assessee's appeal, leaving the arm's length price determination issue resolved in assessee's favor. Case-Laws Income Tax Fri, 27 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447765