Department's Appeal Dismissed for Excluding Notional Interest in Assessable Value

The appeal filed by the department against the Collector (Appeals) decision was dismissed by the Appellate Tribunal CEGAT, New Delhi. The demand to include notional interest on advances received from buyers in the assessable value was rejected due to the consistent pricing for buyers regardless of whether they provided advances or not.

---

---

The Appellate Tribunal CEGAT, New Delhi dismissed the appeal filed by the department against the Collector (Appeals) decision. The demand for including notional interest on advances received from buyers in the assessable value was rejected as the price remained the same for buyers who gave advances and those who did not.

---