https://www.taxtmi.com/caselaws?id=374040 The ITAT Hyderabad ruled in favor of the assessee, determining that interest on outstanding receivables was not considered an international transaction for the relevant assessment year. The Tribunal allowed the appeal based on the statutory amendment's effective date and legal interpretations, concluding that interest on receivables should not be taxed as such. This decision was supported by detailed legal analysis and precedent-based reasoning, resulting in the partial allowance of the assessee's appeal. en-us Mon, 21 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374040 The ITAT Hyderabad ruled in favor of the assessee, determining that interest on outstanding receivables was not considered an international transaction for the relevant assessment year. The Tribunal allowed the appeal based on the statutory amendment's effective date and legal interpretations, concluding that interest on receivables should not be taxed as such. This decision was supported by detailed legal analysis and precedent-based reasoning, resulting in the partial allowance of the assessee's appeal. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374040