https://www.taxtmi.com/caselaws?id=64682 Notional interest on trade debtors from trading activities was held to be unsustainable where no interest was actually charged, no provision existed for charging interest on such debts, and no real income was receivable on that account. The addition had been made only on estimate, and the assessee's position had also been accepted in the later assessment year. On those facts, the notional interest addition was deleted in favour of the assessee. en-us Mon, 21 Jan 1985 00:00:00 +0530 Wed, 09 Feb 2011 12:48:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64682 Notional interest on trade debtors from trading activities was held to be unsustainable where no interest was actually charged, no provision existed for charging interest on such debts, and no real income was receivable on that account. The addition had been made only on estimate, and the assessee's position had also been accepted in the later assessment year. On those facts, the notional interest addition was deleted in favour of the assessee. Case-Laws Income Tax Mon, 21 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64682