DCIT v. Narayani Ispat Pvt. Ltd. (2018) 61 ITR 371 (Kolk) (Trib)

S. 4 : Charge of income-tax – Interest on amount of sundry debtors outstanding cannot be charged on accrual basis [ S. 145 ]

Dismissing the appeal of the revenue , the Tribunal held that, Interest on amount of sundry debtors outstanding cannot be charged on accrual basis ,whether to charge interest is business decision of assessee and not for assessing officer to consider. ( AY. 2010-11)