Tribunal held that, since the assessee had not bargained for interest on late remittance of subscriptions , revenue authorities were not justified in charging notional interest due to delayed remittance of collection by its agent . ( AY. 1987-88 to 1992 -93 )
Sahara India Ltd v ACIT ( 2018)168 ITD 1/ 164 DTR 49 / 192 TTJ 655 ( TM) (Luck) (Trib)
S. 5 : Scope of total income – Notional interest – Charging of notional interest for delayed remittance of collection made by its agent was held to be not justified [ S. 145 ]