Interest paid to different related parties at different rates couldn't be disallowed when it was paid at market rate
IT : Unless payment of interest was in excess of market rate, merely because assessee paid interest at different rates to different companies, payment of interest could not be held to be excessive and unreasonable
IT : Evidence accepted to ascertain date of installation of assets is also to be accepted as evidence about use of asset for business purpose, and, hence, depreciation could be allowed
Regards
Prarthana Jalan
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