https://www.taxtmi.com/caselaws?id=767772 ITAT Delhi ruled in favor of the assessee regarding TPO's treatment of outstanding receivables from associated enterprise (AE) as international transactions subject to interest levy. The tribunal found no evidence that the assessee transferred benefits to its AE, noting the company was debt-free and properly compensated by its AE. The assessee's average credit period of 92 days was within industry norms compared to comparable companies' 105 days. Revenue failed to demonstrate how the transaction constituted a financial transaction or that the AE enjoyed uncompensated benefits. The tribunal directed deletion of TPO's proposed additions, allowing the assessee's appeal. en-us Fri, 21 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 11:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767772 ITAT Delhi ruled in favor of the assessee regarding TPO's treatment of outstanding receivables from associated enterprise (AE) as international transactions subject to interest levy. The tribunal found no evidence that the assessee transferred benefits to its AE, noting the company was debt-free and properly compensated by its AE. The assessee's average credit period of 92 days was within industry norms compared to comparable companies' 105 days. Revenue failed to demonstrate how the transaction constituted a financial transaction or that the AE enjoyed uncompensated benefits. The tribunal directed deletion of TPO's proposed additions, allowing the assessee's appeal. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767772