No adjustment if impact of outstanding receivable considered in Working Capital

M/s. Barco Electronic Systems (P.) Ltd. Vs. DCIT (ITAT Delhi) Facts of the Case ♣ Barco Electronic Systems Pvt. Ltd. ( taxpayer) is engaged in business of manufacturing of projectors and parts, trading in visual display products and provision of software development services. ♣ During the year under consideration, the taxpayer entered into various international transactions with its AEs namely, import of raw material, export of goods, import of goods, purchase of fixed assets and rendering of services. Consequently, the case was referred to the TPO by AO. ♣ During assessment proceedings,...