https://www.taxtmi.com/caselaws?id=283646 The Tribunal's judgment favored the firm, allowing its appeal and dismissing the Revenue's appeal. It emphasized the lack of evidence supporting the disallowance of interest payment to related parties under section 40A(2)(b) of the Income Tax Act. The decision highlighted the importance of establishing the unreasonableness of interest rates compared to market rates and considered the risk factor associated with unsecured loans. en-us Mon, 05 Oct 2015 00:00:00 +0530 Fri, 04 Oct 2019 12:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283646 The Tribunal's judgment favored the firm, allowing its appeal and dismissing the Revenue's appeal. It emphasized the lack of evidence supporting the disallowance of interest payment to related parties under section 40A(2)(b) of the Income Tax Act. The decision highlighted the importance of establishing the unreasonableness of interest rates compared to market rates and considered the risk factor associated with unsecured loans. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283646