TP Adjustment - Interest on trade receivables - there was no ...

Assessee Must Pay Interest on Trade Receivables Beyond 30-Day Grace Period Due to Lack of Agreement with AE.

October 12, 2023

Case Laws Income Tax AT

TP Adjustment - Interest on trade receivables - there was no agreement provided by the assessee to show that there was an agreement between the assessee and its AE wherein the time for making the payment was provided as 30 days. In our view, the Assessing Officer is right for granting 30 days as a grace period and beyond that the Assessing Officer / lower authorities have held that the assessee is liable to pay the interest as outstanding amount for the said period. - AT

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TP Adjustment - Interest on trade receivables - there was no ...

Assessee Must Pay Interest on Trade Receivables Beyond 30-Day Grace Period Due to Lack of Agreement with AE.

October 12, 2023

Case Laws Income Tax AT

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