TP Adjustment - outstanding receivables having delay beyond 30 ...
Case Laws Income Tax
August 28, 2019
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
View Source
9911796707
