Tribunal Rules 18% Interest Rate u/s 40A(2)(b) of Income Tax Act Reasonable, Overturns Commissioner's Decision.

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....Addition u/s 40A - interest paid @ 18% in relation to the borrowing made from the persons specified u/s 40A(2)(b) - unreasonable and excessive expenditure - Once there was categorical findings by the Tribunal that 18% per annum interest was reasonable the CIT(A) ought to have followed the same. - AT....