https://www.taxtmi.com/caselaws?id=457092 The Tribunal ruled in favor of the assessee on both grounds. It directed the AO to delete the additions concerning notional interest on an interest-free advance and the disallowance of interest paid to parties under section 40A(2)(b). The decision aligned with previous orders, affirming that the interest rates were reasonable and not excessive. en-us Thu, 23 Dec 2010 00:00:00 +0530 Thu, 05 Sep 2024 15:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457092 The Tribunal ruled in favor of the assessee on both grounds. It directed the AO to delete the additions concerning notional interest on an interest-free advance and the disallowance of interest paid to parties under section 40A(2)(b). The decision aligned with previous orders, affirming that the interest rates were reasonable and not excessive. Case-Laws Income Tax Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457092