Expenditure or Loan Reasonableness u/s 40A(2) is a Factual Question, Requires Case-Specific Evaluation.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Interest under Section 40A(2) - whether a particular expenditure or loan was excessive and unreasonable, was essentially a question of fact and did not involve any issue of law. - HC....
TaxTMI