https://www.taxtmi.com/caselaws?id=215128 The Tribunal upheld the CIT(A)'s decision to allow the interest expenses and deemed the rate of interest paid to directors and relatives as reasonable. The appeal of the revenue was dismissed, and the order was pronounced on 29-06-2012. en-us Fri, 29 Jun 2012 00:00:00 +0530 Tue, 24 Jul 2012 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215128 The Tribunal upheld the CIT(A)'s decision to allow the interest expenses and deemed the rate of interest paid to directors and relatives as reasonable. The appeal of the revenue was dismissed, and the order was pronounced on 29-06-2012. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215128