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2017 (2) TMI 331 - AT - Income TaxAddition of amount paid to the bank on account of interest - Held that:- We find that it is fact that the capital of the partners in all the years from 2006-07 to 2009-10 remained more than ₹ 1,00,00,000 against the alleged loan of ₹ 1,00,00,000. The hon'ble Punjab and Haryana High Court in the case of Gurdas Garg v. CIT [2015 (8) TMI 569 - PUNJAB & HARYANA HIGH COURT] has decided the following question of law in favour of assessee.
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