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HC confirms ITAT’s deletion of notional interest adjustment on delayed AE receivables
Case Law Details
- Case Name
- Pr. CIT -V Vs Kusum Health Care Pvt. Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Transfer Pricing : Impact of delayed associated enterprise receivables subsumed in working capital adjustment made by the assessee company. Delhi High Court confirms ITAT’s deletion of notional interest adjustment on delayed AE-receivables.
Operative Portion of Delhi ITAT Order Kusum Healthcare (P.) Ltd. Vs. ACIT [2015] 62 taxmann.com 79 (Delhi – Trib.)“
In view of the above, a working Capital adjustment appropriately takes into account the outstanding receivable. Therefore, the assessee has undertaken a working capital adjustment to reflect these difference...
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