https://www.taxtmi.com/highlights?id=5253 As the interest paid by assessee is not for any loan or debt but for the delay in payment of bills for purchases effected cannot be termed as interest as defined u/s. 2(28A) - no disallowance u/s. 40(a)(ia) - AT en-us Tue, 11 Sep 2012 12:42:08 +0530 Tue, 11 Sep 2012 12:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=5253 As the interest paid by assessee is not for any loan or debt but for the delay in payment of bills for purchases effected cannot be termed as interest as defined u/s. 2(28A) - no disallowance u/s. 40(a)(ia) - AT Highlights Income Tax Tue, 11 Sep 2012 12:42:08 +0530 https://www.taxtmi.com/highlights?id=5253