Supreme Court Dismisses Revenue Appeals on Notional Interest Inclusion in Assessable Value. The court ruled that notional interest on interest-free advances cannot be added to the assessable value unless it is shown to influence the pricing....
The case involved appeals by the Revenue against orders of the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) which had ruled that notional interest on interest-free advances from buyer...




