Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
No Notional Interest Can Be Levied On Delayed Receivables From AEs/ Non-AEs If Taxpayer Is Debt Free Company, Reiterates Delhi H[gh Court
International Taxation
The Delhi High Court reiterated that no notional interest should be levied on delayed receivables from associated enterprises if the taxpayer is a debt-free company. This ruling emphasizes that notional interest on receivables should not be applied if it does not reflect the actual financial condition or operational reality of the taxpayer.
