TMI BlogTP Adjustments - Arm’s Length adjustment in respect of outstanding receivables - the assessee is a debt...TP Adjustments - Arm’s Length adjustment in respect of outstanding receivables - the assessee is a debt free company as is reflected in the profit and loss account - re-characterisation of the outstanding receivables as loan is impermissible unless the transactions are found to be substantially at variance with the stated form. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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