https://www.taxtmi.com/caselaws?id=313188 ITAT Delhi ruled on three transfer pricing and tax issues. Regarding TP adjustment on outstanding receivables, the Tribunal followed precedent from Kusum Health Care case and deleted the interest receivables adjustment where working capital adjustment was already made under TNMM, allowing assessee's appeal. For stock write-off disallowance, the Tribunal rejected assessee's contention as no expert third-party certificate was produced to prove inventory obsolescence, dismissing this ground. On excess depreciation claimed on fixed assets from NCR Corporation, the matter was restored to Assessing Officer for verification following previous Tribunal direction, allowing the ground for statistical purposes. en-us Mon, 25 Feb 2019 00:00:00 +0530 Fri, 29 Mar 2024 15:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313188 ITAT Delhi ruled on three transfer pricing and tax issues. Regarding TP adjustment on outstanding receivables, the Tribunal followed precedent from Kusum Health Care case and deleted the interest receivables adjustment where working capital adjustment was already made under TNMM, allowing assessee's appeal. For stock write-off disallowance, the Tribunal rejected assessee's contention as no expert third-party certificate was produced to prove inventory obsolescence, dismissing this ground. On excess depreciation claimed on fixed assets from NCR Corporation, the matter was restored to Assessing Officer for verification following previous Tribunal direction, allowing the ground for statistical purposes. Case-Laws Income Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313188