Tuesday, 1 July 2014

ITAT upheld TP addition for notional interest relying on SBI base rate for delayed payments made by

IT/ILT : Where substantial amounts were due to assessee from its AEs as there were delays in receiving payments from AEs, DRP taking strength from safe harbour rule, rightly directed Assessing Officer/TPO that interest was to be computed on basis of SBI base rate as on 30 June of relevant previous year plus 150 basis point


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