Tribunal held, that the question of receiving any interest on receivables did not arise. There was no merit in the transfer pricing adjustment of Rs. 22.16 lakhs and it was, accordingly, to be deleted. ( AY.2015-16)
Boeing India Pvt. Ltd. v .ACIT (2020)81 ITR 94 (SN) ( Delhi ) (Trib)
S. 92C : Transfer pricing – Arm’s length price -A debt-free company — No interest paid to creditor or supplier nor interest earned from unrelated party- Adjustment of interest is held to be not warranted .