https://www.taxtmi.com/caselaws?id=784792 In transfer pricing analysis, outstanding receivables may not justify a separate notional interest adjustment where the assessee is debt-free and its working capital adjusted margins are higher than those of comparables, because the receivable impact is already reflected in the profitability analysis. The article also notes that TDS credit must be verified and allowed in accordance with law, rather than denied without proper computation. Overall, it reflects that receivables-based adjustments require careful consistency with working capital benchmarking, and tax credit issues must be determined on verification of records. en-us Wed, 07 Jan 2026 00:00:00 +0530 Mon, 12 Jan 2026 09:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784792 In transfer pricing analysis, outstanding receivables may not justify a separate notional interest adjustment where the assessee is debt-free and its working capital adjusted margins are higher than those of comparables, because the receivable impact is already reflected in the profitability analysis. The article also notes that TDS credit must be verified and allowed in accordance with law, rather than denied without proper computation. Overall, it reflects that receivables-based adjustments require careful consistency with working capital benchmarking, and tax credit issues must be determined on verification of records. Case-Laws Income Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784792