https://www.taxtmi.com/highlights?id=21962 Revenue splitted the transactions in such a manner that it upheld the genuineness of borrowing, payment and receipt of interest but when question of considering payment of additional interest of 6.5% came into consideration, it termed the said part of transaction as colourable device/tax planning - expenditure allowed - HC en-us Fri, 27 Feb 2015 12:36:32 +0530 Fri, 27 Feb 2015 12:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=21962 Revenue splitted the transactions in such a manner that it upheld the genuineness of borrowing, payment and receipt of interest but when question of considering payment of additional interest of 6.5% came into consideration, it termed the said part of transaction as colourable device/tax planning - expenditure allowed - HC Highlights Income Tax Fri, 27 Feb 2015 12:36:32 +0530 https://www.taxtmi.com/highlights?id=21962