https://www.taxtmi.com/caselaws?id=251285 The Tribunal partially allowed the appeals by directing a fresh adjudication on the arm's length interest rate for loans to associated enterprises, deleting the addition of notional interest and ad-hoc disallowance of expenses. The issue regarding the calculation of interest under Section 234B without giving MAT credit was dismissed. The Tribunal emphasized that the interest rate should not be less than the cost of funds incurred by the assessee. en-us Wed, 02 Apr 2014 00:00:00 +0530 Wed, 10 Sep 2014 09:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251285 The Tribunal partially allowed the appeals by directing a fresh adjudication on the arm's length interest rate for loans to associated enterprises, deleting the addition of notional interest and ad-hoc disallowance of expenses. The issue regarding the calculation of interest under Section 234B without giving MAT credit was dismissed. The Tribunal emphasized that the interest rate should not be less than the cost of funds incurred by the assessee. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251285