https://www.taxtmi.com/caselaws?id=384868 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer for Assessment Years 2004-05 and 2005-06. The Tribunal found that the interest rates charged and paid by the assessee were reasonable, and the transactions were conducted for commercial expediency in the regular course of business. The Tribunal dismissed the Revenue's appeals, emphasizing that the additions for notional interest were unwarranted. en-us Wed, 21 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384868 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer for Assessment Years 2004-05 and 2005-06. The Tribunal found that the interest rates charged and paid by the assessee were reasonable, and the transactions were conducted for commercial expediency in the regular course of business. The Tribunal dismissed the Revenue's appeals, emphasizing that the additions for notional interest were unwarranted. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384868