Disallowance of interest paid on loan u/s.40A(2)(b) - excessive ...
Income Tax
November 22, 2023
Disallowance of interest paid on loan u/s.40A(2)(b) - excessive or unreasonable expenditure - Neither the AO nor the Ld.CIT(A) have demonstrated as to how the rate of interest applied by them was the fair rate , nor have they demonstrated as to how the rate applied by the assessee was unreasonable. - Additions deleted - AT
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