Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1989 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (3) TMI 78 - HC - Income TaxExtract: .......erest paid to the Hindu undivided families of the partners of the assessee-firm was liable to be disallowed under section 40(b) of the Act. For all these reasons, our answer to the question referred to this court is in the negative and in favour of the assessee. In the circumstances of the case, parties shall bear their own costs of this reference.
|