Transfer Pricing Case: No Income Adjustments for Receivables Delayed Beyond 30 Days, Deemed Reasonable Not Unsecured Loans.

TP Adjustment - outstanding receivables having delay beyond 30 days - Since the receivables have been received within ordinary time period, it cannot be recharacterized as unsecured loans and accordingly, no adjustment on account of delay in receipt of receivable can be made in the income of the assessee considering the fact that delay is not inordinate but reasonable - no addition .....

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