Reasonability of interest paid to persons covered under section 40A(2)(b)

IN THE ITAT DELHI BENCH ‘G’ DCIT v. Sports Station (India) (P.) Ltd. IT Appeal Nos. 2936, 3256 & 3262 (Delhi) of 2011 [Assessment Years 2007-08 & 2008-09] MARCH 30, 2012 ORDER A.N. Pahuja, Accountant Member  These three appeals – cross appeals for the AY 2007-08 filed on 3rd June, 2011 by the assessee and on 16th June, 2011 by the Revenue against an order dated 28th February, 2011 of the ld. CIT(A)-XII, New Delhi and appeal filed by the Revenue for the AY 2008-09 against an order dated 9th March, 2011 of the ld. CIT(A)-XII, New Delhi, raise the follo...