https://www.taxtmi.com/caselaws?id=241906 The ITAT partially allowed the appeal by the assessee, emphasizing the requirement for justifying interest payments to related parties. The ITAT determined a reasonable deduction of interest at 15% and remitted the matter back to the AO for appropriate disallowance, highlighting the need for thorough scrutiny of transactions with related parties to prevent income diversion and ensure compliance with tax regulations. en-us Thu, 02 Jan 2014 00:00:00 +0530 Fri, 03 Jan 2014 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241906 The ITAT partially allowed the appeal by the assessee, emphasizing the requirement for justifying interest payments to related parties. The ITAT determined a reasonable deduction of interest at 15% and remitted the matter back to the AO for appropriate disallowance, highlighting the need for thorough scrutiny of transactions with related parties to prevent income diversion and ensure compliance with tax regulations. Case-Laws Income Tax Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241906