https://www.taxtmi.com/article/detailed?id=5496 Disallowance of interest under related party interest limitation was overturned where the AO failed to produce tangible evidence that the assessee could have sourced loans at the assumed lower rate; contemporaneous market data and the unsecured nature of loans showed higher prevailing rates, and the AO's inference based assessment ignored business realities and procedural opportunities to rebut the presented evidence. en-us Mon, 24 Feb 2014 05:45:48 +0530 Mon, 24 Feb 2014 05:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5496 Disallowance of interest under related party interest limitation was overturned where the AO failed to produce tangible evidence that the assessee could have sourced loans at the assumed lower rate; contemporaneous market data and the unsecured nature of loans showed higher prevailing rates, and the AO's inference based assessment ignored business realities and procedural opportunities to rebut the presented evidence. Articles Income Tax Mon, 24 Feb 2014 05:45:48 +0530 https://www.taxtmi.com/article/detailed?id=5496