Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1982 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1982 (2) TMI 94 - AT - Income TaxExtract: .......resent case, however, as the partner has not borrowed any money himself, he cannot claim this deduction in its assessment. The disallowance of such claim in the hands of the firm and non-allowance of such amount in the hands of the partners would result in injustice as far as the claim of interest is concerned. In the result, the appeal is allowed.
|