https://www.taxtmi.com/highlights?id=98697 Segmental financials for transfer pricing cannot be rejected at the threshold merely because they are not audited or show variance between AE and non-AE margins; the proper course is to test allocation keys, verify expense apportionment, and then independently decide acceptance for arm's length price determination. The Tribunal therefore restored the segmental benchmarking issue for fresh examination. On working capital adjustment, the TPO had to apply transfer pricing principles to the assessee's claim and could not reject it on broad grounds; if allowed, the receivables adjustment would fall away. If interest remains leviable on overdue foreign-currency invoices, it must be benchmarked with LIBOR-based rates, not SBI PLR. The matter was remanded for fresh determination. en-us Sat, 11 Apr 2026 08:53:11 +0530 Sat, 11 Apr 2026 08:53:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98697 Segmental financials for transfer pricing cannot be rejected at the threshold merely because they are not audited or show variance between AE and non-AE margins; the proper course is to test allocation keys, verify expense apportionment, and then independently decide acceptance for arm's length price determination. The Tribunal therefore restored the segmental benchmarking issue for fresh examination. On working capital adjustment, the TPO had to apply transfer pricing principles to the assessee's claim and could not reject it on broad grounds; if allowed, the receivables adjustment would fall away. If interest remains leviable on overdue foreign-currency invoices, it must be benchmarked with LIBOR-based rates, not SBI PLR. The matter was remanded for fresh determination. Highlights Income Tax Sat, 11 Apr 2026 08:53:11 +0530 https://www.taxtmi.com/highlights?id=98697