https://www.taxtmi.com/highlights?id=73650 Disallowance u/s. 40A(2)(b) - assessee company had paid interest on Unsecured loans and advances taken from Directors and relatives - Considering the fact, the above two parties were stood for the personal guarantee of the loans availed by the assessee company which is a business exigency. - Additions deleted- AT en-us Mon, 18 Dec 2023 09:11:48 +0530 Mon, 18 Dec 2023 09:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73650 Disallowance u/s. 40A(2)(b) - assessee company had paid interest on Unsecured loans and advances taken from Directors and relatives - Considering the fact, the above two parties were stood for the personal guarantee of the loans availed by the assessee company which is a business exigency. - Additions deleted- AT Highlights Income Tax Mon, 18 Dec 2023 09:11:48 +0530 https://www.taxtmi.com/highlights?id=73650