ITAT Directs Readjudication with respect to Interest paid to Related Persons and Family Members for Availing of Unsecured Loans [Read Order]

ITAT - Readjudication Interest paid - Unsecured Loans - TAXSCAN

The  Mumbai bench  of Income Tax Appellate Tribunal (ITAT) recently directed readjudication with respect to interest paid to the related persons and family members for availing of unsecured loans. The assessee Gallant Freight And Travels Pvt. engaged in the business of a freight cargo agency.After filing the return of income the assessee case was selected…

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