Disallowance of interest payment - Excessive interest or not - ...
Interest Payments in Income Tax: Evaluating Excessive Interest Rates and Comparisons with Bank Offers for Reasonableness.
July 20, 2016
Case Laws Income Tax AT
Disallowance of interest payment - Excessive interest or not - If the companies are paying the same rate of interest as the bank are paying then the public would not see any benefit in making deposits with the Company and they will go for bank interest. - AT
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