Interest Payments to Related Individuals u/s 40A(2)(b): Assessing Officer Fails to Establish Fair Market Rate.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s. 40A(2)(b) - the interest paid by the assessee @ 15% to four related persons was excessive or not - AO has not given any finding in respect of fair market rate of interest paid by the assessee - AT....