Outstanding Receivables are Part of Working Capital Hence No Separate Benchmarking Required for them

DCIT Vs. EXL Service.com (India) Pvt. Ltd. (ITAT Delhi) The issue under consideration is whether the addition made on imputing interest on outstanding receivable from associated enterprises as its separate international transaction and its determination of ALP is justified in law? In the present case, the transfer pricing adjustment in relation to delay in receipt of receivable from associated enterprise. The learned assessing officer from the perusal of the invoice of details of services rendered to the associated enterprise noted that in certain cases the remittances were received by the app...