https://www.taxtmi.com/caselaws?id=356362 The tribunal concluded that the adjustment to the appellant's income on account of interest on receivables was unjustified. Relying on precedent cases, the tribunal held that charging interest on outstanding receivables was not warranted if the assessee earned higher margins than comparable companies. The tribunal set aside the lower authorities' orders and deleted the entire addition, ruling in favor of the appellant. en-us Mon, 26 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356362 The tribunal concluded that the adjustment to the appellant's income on account of interest on receivables was unjustified. Relying on precedent cases, the tribunal held that charging interest on outstanding receivables was not warranted if the assessee earned higher margins than comparable companies. The tribunal set aside the lower authorities' orders and deleted the entire addition, ruling in favor of the appellant. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356362