TMI BlogInterest Rate of 15% Upheld as Reasonable for Business, No Disallowance u/s 40A(2)(b) Required.Addition u/s. 40A(2)(b) - e interest rate of 15% is not abnormal. It shows business expediency and hence does not warrant any disallowance as has been made by the AO - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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