https://www.taxtmi.com/highlights?id=27435 Addition on interest paid on loans - the action of the assessee company to make advances at a lower rate of interest than the interest liability discharged by the assessee company in borrowing such funds was not shown to be in any manner actuated by business expediency. AO was perfectly justified in disallowing such component of interest. - HC en-us Mon, 22 Feb 2016 20:48:22 +0530 Mon, 22 Feb 2016 20:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27435 Addition on interest paid on loans - the action of the assessee company to make advances at a lower rate of interest than the interest liability discharged by the assessee company in borrowing such funds was not shown to be in any manner actuated by business expediency. AO was perfectly justified in disallowing such component of interest. - HC Highlights Income Tax Mon, 22 Feb 2016 20:48:22 +0530 https://www.taxtmi.com/highlights?id=27435