https://www.taxtmi.com/caselaws?id=763129 The Delhi HC upheld the Tribunal's decision regarding transfer pricing adjustments on deferred payments. The court found that the Transfer Pricing Officer failed to properly examine whether the asserted deferral of payments fell within Section 92B Explanation (i)(c) of the Income Tax Act, 1961. Following the precedent in Kusum Health Care case, the court noted that deferred payments must be analyzed considering their impact on working capital and whether they form a pattern. The HC declined to interfere with the Tribunal's findings due to inadequate examination by the TPO. en-us Wed, 21 Aug 2024 00:00:00 +0530 Thu, 12 Dec 2024 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763129 The Delhi HC upheld the Tribunal's decision regarding transfer pricing adjustments on deferred payments. The court found that the Transfer Pricing Officer failed to properly examine whether the asserted deferral of payments fell within Section 92B Explanation (i)(c) of the Income Tax Act, 1961. Following the precedent in Kusum Health Care case, the court noted that deferred payments must be analyzed considering their impact on working capital and whether they form a pattern. The HC declined to interfere with the Tribunal's findings due to inadequate examination by the TPO. Case-Laws Income Tax Wed, 21 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763129