https://www.taxtmi.com/caselaws?id=755501 The Tribunal remitted the case back to the AO/TPO, instructing them to properly apply the DRP's directions. The Tribunal found merit in the assessee's argument regarding the netting off payables and charging interest on net receivables. The AO/TPO must recompute the interest chargeable on outstanding net receivables in accordance with the DRP's guidance. The appeal was allowed for statistical purposes. en-us Thu, 11 Jul 2024 00:00:00 +0530 Sat, 13 Jul 2024 08:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755501 The Tribunal remitted the case back to the AO/TPO, instructing them to properly apply the DRP's directions. The Tribunal found merit in the assessee's argument regarding the netting off payables and charging interest on net receivables. The AO/TPO must recompute the interest chargeable on outstanding net receivables in accordance with the DRP's guidance. The appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755501