Notional interest - When the parties have agreed not to charge ...
Interest Charges Not Enforceable by Assessing Officer if MoU Specifies No Interest for Payments Within Two Months.
October 11, 2013
Case Laws Income Tax HC
Notional interest - When the parties have agreed not to charge the interest, as per the condition laid down in the MoU i.e. “if the remittance is within the less than two months“, then the AO cannot compel to do so - HC
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