Addition on account of payment of excessive interest @15% - ...

Court Rules 15% Interest Rate Valid; No Reasonableness Test Applied to Excessive Interest Payments.

February 8, 2016

Case Laws Income Tax AT

Addition on account of payment of excessive interest @15% - there was no scope for application of the test of the reasonableness to a case of payment of interest and therefore the rate of interest could not be scaled down. - AT

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Addition on account of payment of excessive interest @15% - ...

Court Rules 15% Interest Rate Valid; No Reasonableness Test Applied to Excessive Interest Payments.

February 8, 2016

Case Laws Income Tax AT

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