https://www.taxtmi.com/caselaws?id=352195 The ITAT dismissed the revenue's appeal, upholding the deletion of the addition made by the AO regarding the rate of interest on the ICD extended to the holding company. The ITAT held that the enhancement of notional income by the AO was not justified, as there was no real income accrued to the assessee. The decision of Ld. CIT (A) to delete the addition was upheld, and the revenue's appeal was dismissed. en-us Wed, 25 Oct 2017 00:00:00 +0530 Sat, 09 Dec 2017 08:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352195 The ITAT dismissed the revenue's appeal, upholding the deletion of the addition made by the AO regarding the rate of interest on the ICD extended to the holding company. The ITAT held that the enhancement of notional income by the AO was not justified, as there was no real income accrued to the assessee. The decision of Ld. CIT (A) to delete the addition was upheld, and the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352195