Interest free loan to AE – Crime?

Why this article-:

1. This article is based on a judicial pronouncement ITAT – KOLKATA SPECIAL BENCH ‘A’, KOLKATA vide its order dated July 15, 2016 in the case of Instrumentarium Corporation Limited, Finland v ADIT -International Taxation I Kolkata.

2. The bench has concluded that, in view of section 92C of the Income Tax Act 1961 related parties cannot have interest free loan transaction.

3. Apparently, the aut

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