Disallowance of interest paid to close relatives of the assessee ...

Interest at 18% to close relatives not excessive; Section 40A(2) application deemed unnecessary.

December 9, 2016

Case Laws Income Tax AT

Disallowance of interest paid to close relatives of the assessee - Interest of 18% paid by the assessee could not considered as excessive. Application of Sec. 40A(2) was not warranted - AT

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Disallowance of interest paid to close relatives of the assessee ...

Interest at 18% to close relatives not excessive; Section 40A(2) application deemed unnecessary.

December 9, 2016

Case Laws Income Tax AT

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