This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Notional interest for delay in realization of export proceeds from AEs unwarranted: ITAT Mumbai
Case Law Details
- Case Name
- Strides Pharma Science Limited Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Strides Pharma Science Limited Vs DCIT (ITAT Mumbai)
ITAT Mumbai held that as there is complete uniformity in not charging interest from AEs and Non-AEs for delay in realization of export proceeds, addition of notional interest in respect of transactions with AEs in the course of transfer pricing proceedings unwarranted.
Facts- Assessee has contended the action of charging interest on delayed realization of export proceeds from Associated Enterprises. It is mainly contended by the assessee that they are not charging interest on delayed realization either from the Associated Enterprises (AEs) o...
Author Info
