Court Rules No Need for Notional Interest on Unreported Receivables as Payables Exceed Receivables from Associated Enterprise.

Determination of interest on receivables which assessee was failed to report in the form 3CEB - the account payables are more than the account receivables from AE. Hence, charging of notional interest does not arise. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X