Disallowance of interest - Loans advanced to sister concerns - ...

Tribunal Upholds Reduced Interest Rate on Loans to Sister Concerns, Citing Availability of Interest-Free Funds.

March 27, 2024

Case Laws Income Tax AT

Disallowance of interest - Loans advanced to sister concerns - The Tribunal noted that the Assessee had not appealed against the partial relief granted by the learned CIT (A). - Considering the availability of interest-free funds with the Assessee, the Tribunal upheld the decision of the learned CIT (A) to reduce the interest rate from 16% to 8%.

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Disallowance of interest - Loans advanced to sister concerns - ...

Tribunal Upholds Reduced Interest Rate on Loans to Sister Concerns, Citing Availability of Interest-Free Funds.

March 27, 2024

Case Laws Income Tax AT

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