https://www.taxtmi.com/caselaws?id=336975 The tribunal allowed the appeal, ruling that disallowance of interest payments under section 40A(2)(b) of the Income Tax Act, 1961, was not warranted as the payments to related parties were not excessive or unreasonable compared to market rates. The tribunal emphasized that paying different rates to related and non-related parties did not render the payments excessive, deleting the additions made by the Assessing Officer towards disallowance of interest for related parties. en-us Fri, 30 Dec 2016 00:00:00 +0530 Sun, 01 Jan 2017 14:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336975 The tribunal allowed the appeal, ruling that disallowance of interest payments under section 40A(2)(b) of the Income Tax Act, 1961, was not warranted as the payments to related parties were not excessive or unreasonable compared to market rates. The tribunal emphasized that paying different rates to related and non-related parties did not render the payments excessive, deleting the additions made by the Assessing Officer towards disallowance of interest for related parties. Case-Laws Income Tax Fri, 30 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336975