https://www.taxtmi.com/highlights?id=56945 Disallowance of interest expenditure by applying provisions of section 40A(2)(b) - Specified / Related parties - Difference between the interest paid by assessee at 15% and the reasonable rate of interest ultimately allowed by learned Commissioner (Appeals) at 13.73% works out to a negligible amount of 1.27%. That being the case, in my considered opinion, the provisions of section 40A(2)(b) would not be applicable in the present case - AT en-us Sat, 27 Feb 2021 17:47:15 +0530 Sat, 27 Feb 2021 17:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56945 Disallowance of interest expenditure by applying provisions of section 40A(2)(b) - Specified / Related parties - Difference between the interest paid by assessee at 15% and the reasonable rate of interest ultimately allowed by learned Commissioner (Appeals) at 13.73% works out to a negligible amount of 1.27%. That being the case, in my considered opinion, the provisions of section 40A(2)(b) would not be applicable in the present case - AT Highlights Income Tax Sat, 27 Feb 2021 17:47:15 +0530 https://www.taxtmi.com/highlights?id=56945