TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT

INCOME TAX : Where loan to foreign company was granted by Rabobank London from funds in its balance sheet and after borrowings from market and in syndication with other members and no part of loan was funded by assessee or any entity acting on behalf of assessee which showed that assessee was only instrumental in originating transaction for extending credit facility and assessee forwarded opportunity to RaboBank London,

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