Interest payment to creditors couldn't be disallowed merely because no interest was charged from debtors

IT: Where assessee-company, trading in medicines manufactured by a supplier, was paying huge interest on outstanding credit balance to supplier for delay in discharge of its outstanding liability, merely because no interest was being charged by assessee from its debtors, same could not be justifiable reason for resorting to disallowance of interest payment under section 40A(2)(a)

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