https://www.taxtmi.com/caselaws?id=178368 Interest on excess levy sugar price was treated as deductible under the Levy Sugar Price Equalisation Fund Act, as amended, where the statutory scheme under sections 3 and 5A was satisfied and binding precedent applied. The note also states that no disallowance of notional interest was warranted on advances to subsidiaries merely because the assessee had not charged interest from them, again following binding precedent. On both issues, the referred questions were answered for the assessee and the revenue's challenge failed. en-us Fri, 06 Oct 2006 00:00:00 +0530 Wed, 03 Feb 2016 13:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178368 Interest on excess levy sugar price was treated as deductible under the Levy Sugar Price Equalisation Fund Act, as amended, where the statutory scheme under sections 3 and 5A was satisfied and binding precedent applied. The note also states that no disallowance of notional interest was warranted on advances to subsidiaries merely because the assessee had not charged interest from them, again following binding precedent. On both issues, the referred questions were answered for the assessee and the revenue's challenge failed. Case-Laws Income Tax Fri, 06 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178368