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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

TP Adjustment - Rate of interest for the purpose of calculating ...


AO and TPO Cannot Modify Draft Order Beyond DRP's Instructions, Including 14.61% Interest Rate for Working Capital Adjustment.

January 23, 2020

Case Laws     Income Tax     AT

TP Adjustment - Rate of interest for the purpose of calculating working capital adjustment - AO/TPO, while giving effect to the directions of the DRP, were bereft of any power to change any aspect of the draft order save and except the direction of the DRP including the rate of interest to 14.61%.

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