Notional interest for delay in realization of export proceeds from AEs unwarranted: ITAT Mumbai

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 contende

Please become a Premium member. If you are already a Premium member, login here to access the full content.