Court held that the Tribunal was right in allowing interest relating to export sales. The Assessing Officer should assess the interest received on delayed payments as per provisions of S. 10B(4) ( AY.2001-02)
Vardhman Holdings Ltd. v .CIT (2020) 425 ITR 253 (P&H)(HC)
S. 10B: Export oriented undertakings – Interest on delayed payment for goods exported and goods sold Locally — Exemption available only for interest on delayed payment for Exports. [ S.10B(4) ]