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2020 (9) TMI 572 - AT - Income TaxTransfer pricing addition being interest on receivables - HELD THAT:- As identical issue had come up before the Tribunal in assessee’s own case [2017 (12) TMI 1052 - ITAT DELHI]. The Tribunal, relying on various decisions including the decision of the Hon’ble Delhi High Court in the case of Kusum Healthcare Pvt. Ltd. [2017 (4) TMI 1254 - DELHI HIGH COURT] has deleted the addition on account of interest on receivables - no adjustment on account of interest due on receivables from its AE can be made. Accordingly, the grounds raised by the assessee are allowed. Denial of benefit of foreign tax credit while computing tax liability of the assessee - HELD THAT:- We deem it proper to restore this issue to the file of the AO with a direction to verify and allow the foreign tax credit of ₹ 14,08,409/- in accordance with the law. Needless to say, the AO shall give due opportunity of being heard to the assessee and decide the issue as per fact and law. We hold and direct accordingly. This ground raised by the assessee is allowed for statistical purposes.
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