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2019 (10) TMI 1507 - ITAT CHENNAITP Adjustment - overdue receivables by determining the interest on such receivables - Whether interest on delayed realization of receivables is a separate international transaction and, therefore, requires separate benchmarking? - DR submitted that the interest on delayed realization of receivables is a separate international transaction and, therefore, requires separate benchmarking. It has nothing to do with the operations of the assessee company being with the debt free funds only - HELD THAT:- Revenue has made out a case in its favour for this assessment year, i.e., 2013-14. Following the above decision [2017 (5) TMI 965 - ITAT DELHI] we hold that the interest on delayed realization of receivables is a separate international transaction and, therefore, requires separate benchmarking. It has nothing to do with the operations of the assessee company being with the debt free funds alone. Appeal of the Revenue is allowed.
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