Addition u/s. 40A(2)(b) - e interest rate of 15% is not abnormal. ...

Interest Rate of 15% Upheld as Reasonable for Business, No Disallowance u/s 40A(2)(b) Required.

July 2, 2013

Case Laws Income Tax AT

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

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Addition u/s. 40A(2)(b) - e interest rate of 15% is not abnormal. ...

Interest Rate of 15% Upheld as Reasonable for Business, No Disallowance u/s 40A(2)(b) Required.

July 2, 2013

Case Laws Income Tax AT

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