No TP adjustment for interest on receivables from AE’s if delay is less than industry average

Advertisement Value Labs Technologies Vs ACIT (ITAT Hyderabad) The assessee is following the TNMM method and there is no dispute with regard to the method followed by the assessee. The TPO has made economic analysis and given a finding that no adjustment is required and the transactions were at ALP. On going through the order of the learned TPO, though it was stated that there were outstanding trade receivables to the extent of Rs. 6,09,86,954/- the TPO has not given any finding on the No. of days delay in receivables. As submitted by the learned AR, the delay was less than 90 days and the ...