https://www.taxtmi.com/caselaws?id=186977 The Tribunal allowed the appeal, ruling that the interest payments to family members were legitimate, necessary for business purposes, and aligned with market practices. The Tribunal emphasized that the payees had declared the interest income and paid taxes accordingly, indicating compliance. The decision, in line with CBDT circular and judicial precedents, was pronounced on 18/05/2016. en-us Wed, 18 May 2016 00:00:00 +0530 Thu, 06 Oct 2016 09:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186977 The Tribunal allowed the appeal, ruling that the interest payments to family members were legitimate, necessary for business purposes, and aligned with market practices. The Tribunal emphasized that the payees had declared the interest income and paid taxes accordingly, indicating compliance. The decision, in line with CBDT circular and judicial precedents, was pronounced on 18/05/2016. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186977