https://www.taxtmi.com/highlights?id=76086 Disallowance of interest - Loans advanced to sister concerns - The Tribunal noted that the Assessee had not appealed against the partial relief granted by the learned CIT (A). - Considering the availability of interest-free funds with the Assessee, the Tribunal upheld the decision of the learned CIT (A) to reduce the interest rate from 16% to 8%. en-us Wed, 27 Mar 2024 08:30:07 +0530 Wed, 27 Mar 2024 08:30:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76086 Disallowance of interest - Loans advanced to sister concerns - The Tribunal noted that the Assessee had not appealed against the partial relief granted by the learned CIT (A). - Considering the availability of interest-free funds with the Assessee, the Tribunal upheld the decision of the learned CIT (A) to reduce the interest rate from 16% to 8%. Highlights Income Tax Wed, 27 Mar 2024 08:30:07 +0530 https://www.taxtmi.com/highlights?id=76086