https://www.taxtmi.com/highlights?id=73321 Allowability of Interest expenses @21.3% - unsecured redeemable cumulative non-convertible debentures - AO has compared the rate of interest paid on unsecured redeemable cumulative non-convertible debentures with the rate of interest at which the secured loan was borrowed by the assessee, which is wholly erroneous - However, matter restored back to determining the arm’s length interest rate considering risk and other factors - AT en-us Thu, 30 Nov 2023 07:44:31 +0530 Thu, 30 Nov 2023 07:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73321 Allowability of Interest expenses @21.3% - unsecured redeemable cumulative non-convertible debentures - AO has compared the rate of interest paid on unsecured redeemable cumulative non-convertible debentures with the rate of interest at which the secured loan was borrowed by the assessee, which is wholly erroneous - However, matter restored back to determining the arm’s length interest rate considering risk and other factors - AT Highlights Income Tax Thu, 30 Nov 2023 07:44:31 +0530 https://www.taxtmi.com/highlights?id=73321