Transfer pricing adjustment on account of interest on outstanding receivable

Last updated: 10 November 2021

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This Income Tax Appellate Tribunal case concerns a transfer pricing adjustment made by the Transfer Pricing Officer (TPO) on interest for delayed trade receivables from associated enterprises. The TPO determined an adjustment of over Rs. 1.2 crore. The assessee also sought to claim unrecovered employee and vendor advances as business losses, which were written off in their profit and loss account.

Court :
ITAT Bangalore

Brief :
This appeal at the instance of the assessee is directed against final assessment order dated 22.10.2018 passed u/s 143(3) r.w.s. 144C of the I.T.Act. The relevant assessment year is 2014-2015.

Citation :
IT(TP)A No.3358/Bang/2018 : Asst.Year 2014-2015

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1 Year PLAN - Rs.~~1999~~

1799

(Excl. of GST ₹323)

2 Years PLAN - Rs.~~3499~~

3149

(Excl. of GST ₹566)

BEST VALUE

3 Years PLAN - Rs.~~4999~~

4499

(Excl. of GST ₹809)

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Attached File : 1442821_4600_1635756384_3358_ittpa_xchanging_solutions_limited.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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