{"id":13617,"date":"2020-11-02T13:35:16","date_gmt":"2020-11-02T13:35:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/s-vinodkumar-diamonds-p-ltd-v-dy-cit-2020-81-itr-46-sn-mum-trib-3\/"},"modified":"2020-11-02T13:35:16","modified_gmt":"2020-11-02T13:35:16","slug":"s-vinodkumar-diamonds-p-ltd-v-dy-cit-2020-81-itr-46-sn-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-vinodkumar-diamonds-p-ltd-v-dy-cit-2020-81-itr-46-sn-mum-trib-3\/","title":{"rendered":"S. Vinodkumar Diamonds P. Ltd. v Dy. CIT (2020) 81 ITR 46 (SN) (Mum) (Trib)"},"content":{"rendered":"<p>Tribunal held that when the assessee was adopting the uniform policy of not charging interest for delay in realisation of export receivables from associated enterprises and non- associated enterprises and the transactions with regard to sale of cut and polished diamonds had been accepted by the Transfer Pricing Officer to be at the arm\u2019s length price, no addition for notional interest was warranted. Followed\u00a0 ACIT v. \u00a0v. Gitanjali exports corporation ltd. [2017 81 taxmann.com 452 (Mum) ( Trib) \u00a0( AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.92C: Transfer pricing \u2014 Arm\u2019s Length Price \u2014 Delay in realisation of  trade debts \u2014  Uniform policy  -Associated enterprises and non- enterprises \u2014 Addition of notional interest is held to be not justified . [ S.92B ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13617","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3xD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13617"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13617\/revisions"}],"predecessor-version":[{"id":13618,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13617\/revisions\/13618"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}