https://www.taxtmi.com/caselaws?id=404656 The Tribunal found that the interest paid at 15% to related parties was not excessive, considering market rates and absence of additional costs. The 1.27% difference in interest rates was deemed negligible, leading to the deletion of the disallowance under section 40A(2)(b) of the Income Tax Act. Therefore, the appeal was allowed in favor of the assessee for the assessment year 2014-15. en-us Thu, 25 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404656 The Tribunal found that the interest paid at 15% to related parties was not excessive, considering market rates and absence of additional costs. The 1.27% difference in interest rates was deemed negligible, leading to the deletion of the disallowance under section 40A(2)(b) of the Income Tax Act. Therefore, the appeal was allowed in favor of the assessee for the assessment year 2014-15. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404656