Adjustment of notional interest unsustainable as credit period extended to even non-associated enterprises without interest

DCIT Vs Tech Mahindra Ltd (ITAT Mumbai) ITAT Mumbai held that adjustment of notional interest for extended credit period to the associated enterprises unsustainable as assessee extended credit period to its non-associated enterprises without charging any interest. Facts- The assessee company filed miscellaneous application on the issue of transfer pricing adjustment with respect of charging interest for extended credit period to the associated enterprises of the assessee and on the issue relating to claim of deduction under Section 10A of the Act. The TPO has made adjustment in respect of gran...