No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]
The High Court upheld the ruling of the Income Tax Appellate Tribunal (ITAT), which noted that Global Logic India was a debt-free company
By Manu Sharma - On September 6, 2024 5:58 pm - 2 mins read
The ruled that no notional interest can be assumed by the Transfer Pricing Officer ( TPO ) on deferred receivables from a debt-free company. The primary issue addressed was whether deferred payments should be treated as an international transaction under Section 92B of the Income Tax Act, 1961, thereby warranting an adjustment for notional interest….
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