https://www.taxtmi.com/caselaws?id=463968 ITAT CHENNAI allowed the appeal and deleted the transfer pricing adjustment imputing interest on outstanding trade receivables. The bench relied on HC precedent that receivables are not automatically an international transaction and found the TPO failed to perform requisite factual and statistical analysis. As the taxpayer was debt-free, delayed receivables did not affect profitability or create an interest cost. The DRP's reliance on a conflicting ITAT DELHI order was held legally untenable. en-us Tue, 03 Dec 2024 00:00:00 +0530 Wed, 24 Sep 2025 20:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463968 ITAT CHENNAI allowed the appeal and deleted the transfer pricing adjustment imputing interest on outstanding trade receivables. The bench relied on HC precedent that receivables are not automatically an international transaction and found the TPO failed to perform requisite factual and statistical analysis. As the taxpayer was debt-free, delayed receivables did not affect profitability or create an interest cost. The DRP's reliance on a conflicting ITAT DELHI order was held legally untenable. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463968