ITAT Delhi Deletes Notional Interest Addition as No Real Income Had Accrued

ACME Cleantech Solutions Private Limoted Vs JCIT (ITAT Delhi) LIBOR Rate Applicable to Foreign Currency Loans Because Repayment Was in US Dollars; Section 14A Disallowance To Be Recomputed Based Only on Investments Yielding Exempt Income; ITAT Upholds TNMM Because AE and Non-AE Segments Were Not Properly Comparable; Transfer Pricing Adjustment on Receivables Deleted Because Working Capital Impact Was Already Factored. The ITAT Delhi decided cross appeals filed by the assessee and the Revenue for AY 2012-13 arising from assessment proceedings under Section 143(3) of the Income Tax Act. The ass...