https://www.taxtmi.com/caselaws?id=754272 ITAT Jaipur ruled in favor of the assessee on two transfer pricing adjustments. First, the corporate guarantee provided to an associated enterprise (AE) was deemed not to require adjustment as adequate securities existed, the AE's low profit margin (1.58%) indicated no profit shifting, and no financial burden was imposed on the assessee. Second, the interest imputation on receivables outstanding beyond 60 days was deleted since the assessee maintained uniform 180-day credit terms for both AEs and non-AEs, complying with RBI guidelines, with no interest charged to either category of debtors. en-us Wed, 05 Jun 2024 00:00:00 +0530 Thu, 20 Jun 2024 08:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754272 ITAT Jaipur ruled in favor of the assessee on two transfer pricing adjustments. First, the corporate guarantee provided to an associated enterprise (AE) was deemed not to require adjustment as adequate securities existed, the AE's low profit margin (1.58%) indicated no profit shifting, and no financial burden was imposed on the assessee. Second, the interest imputation on receivables outstanding beyond 60 days was deleted since the assessee maintained uniform 180-day credit terms for both AEs and non-AEs, complying with RBI guidelines, with no interest charged to either category of debtors. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754272