https://www.taxtmi.com/caselaws?id=197453 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of notional interest on delayed recovery of trade debts from Associated Enterprises (AEs). The Dispute Resolution Panel held that no interest was chargeable from the AE, emphasizing uniformity in not charging interest from both AE and non-AE debtors for delayed realization of export proceeds. The Tribunal aligned with the arm's length principle, citing a similar case judgment from the Hon'ble Bombay High Court and emphasizing the practice of not charging interest on delayed debts from both categories of debtors. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sun, 07 Jan 2018 08:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197453 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of notional interest on delayed recovery of trade debts from Associated Enterprises (AEs). The Dispute Resolution Panel held that no interest was chargeable from the AE, emphasizing uniformity in not charging interest from both AE and non-AE debtors for delayed realization of export proceeds. The Tribunal aligned with the arm's length principle, citing a similar case judgment from the Hon'ble Bombay High Court and emphasizing the practice of not charging interest on delayed debts from both categories of debtors. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197453