TPO's Attempt to Re-Characterize Transaction as Loan Fails Due to Lack of Evidence Supporting Interest Charges. https://www.taxtmi.com/highlights?id=30733 Addition on account of non-charging of interest - the TPO re-characterized the whole transaction and this is not permissible without any materials or evidence suggesting that such advance is only a loan. - AT en-us Thu, 11 Aug 2016 14:39:00 +0530 Thu, 11 Aug 2016 14:39:00 +0530 TaxTMI RSS Generator TPO's Attempt to Re-Characterize Transaction as Loan Fails Due to Lack of Evidence Supporting Interest Charges. https://www.taxtmi.com/highlights?id=30733 Addition on account of non-charging of interest - the TPO re-characterized the whole transaction and this is not permissible without any materials or evidence suggesting that such advance is only a loan. - AT Highlights Income Tax Thu, 11 Aug 2016 14:39:00 +0530 https://www.taxtmi.com/highlights?id=30733