https://www.taxtmi.com/caselaws?id=421453 The Tribunal allowed the appeal, ruling in favor of the appellant and directing the deletion of the notional interest addition. The decision emphasized the importance of assessing real income and the applicability of commercial expediency in business decisions. The Tribunal found that the non-charging of interest to the borrower was justified by commercial expediency and mutual understanding due to financial difficulties faced by the borrower, in line with relevant legal precedents. en-us Fri, 01 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421453 The Tribunal allowed the appeal, ruling in favor of the appellant and directing the deletion of the notional interest addition. The decision emphasized the importance of assessing real income and the applicability of commercial expediency in business decisions. The Tribunal found that the non-charging of interest to the borrower was justified by commercial expediency and mutual understanding due to financial difficulties faced by the borrower, in line with relevant legal precedents. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421453