https://www.taxtmi.com/caselaws?id=297652 The Tribunal allowed the appeal, ruling that the interest payment to related parties at a slightly higher rate was justified by prevailing market rates. The Tribunal found the appellant's interest rates reasonable and overturned the restriction imposed by the Revenue authorities, concluding that the interest payment was not excessive or unreasonable under section 40A(2)(b) of the Income Tax Act, 1961. en-us Mon, 04 Jun 2018 00:00:00 +0530 Thu, 16 Sep 2021 09:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297652 The Tribunal allowed the appeal, ruling that the interest payment to related parties at a slightly higher rate was justified by prevailing market rates. The Tribunal found the appellant's interest rates reasonable and overturned the restriction imposed by the Revenue authorities, concluding that the interest payment was not excessive or unreasonable under section 40A(2)(b) of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297652