https://www.taxtmi.com/caselaws?id=250256 The High Court upheld the Tribunal's decisions to delete the disallowances of excessive interest paid and depreciation on Met Masts. The Court found that the interest rate paid to related companies was not excessive as it was not above the market rate, and the mere difference in rates was not sufficient to justify disallowance. Additionally, the Court upheld the deletion of depreciation disallowance as the certificate provided for commissioning and use was considered valid based on past acceptance by the AO. The Revenue's appeal was dismissed. en-us Mon, 21 Jul 2014 00:00:00 +0530 Thu, 07 Aug 2014 10:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250256 The High Court upheld the Tribunal's decisions to delete the disallowances of excessive interest paid and depreciation on Met Masts. The Court found that the interest rate paid to related companies was not excessive as it was not above the market rate, and the mere difference in rates was not sufficient to justify disallowance. Additionally, the Court upheld the deletion of depreciation disallowance as the certificate provided for commissioning and use was considered valid based on past acceptance by the AO. The Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 21 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250256