https://www.taxtmi.com/caselaws?id=312650 ITAT DELHI ruled that TPO cannot impute interest on outstanding receivables from overseas associated enterprises if working capital adjustment already accounts for these receivables. The tribunal relied on its previous decision for assessment year 2010-11, upheld by Delhi HC, establishing that additional interest imputation is unwarranted when receivables are properly considered in working capital adjustment. Since TPO's order lacked verification of whether receivables were included in working capital adjustment, the matter was remanded to TPO for factual verification. Appeal allowed for statistical purposes. en-us Tue, 23 Jan 2018 00:00:00 +0530 Fri, 01 Mar 2024 05:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312650 ITAT DELHI ruled that TPO cannot impute interest on outstanding receivables from overseas associated enterprises if working capital adjustment already accounts for these receivables. The tribunal relied on its previous decision for assessment year 2010-11, upheld by Delhi HC, establishing that additional interest imputation is unwarranted when receivables are properly considered in working capital adjustment. Since TPO's order lacked verification of whether receivables were included in working capital adjustment, the matter was remanded to TPO for factual verification. Appeal allowed for statistical purposes. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312650