Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1984 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1984 (9) TMI 161 - AT - Income TaxExtract: .......e Bombay High Court is binding upon the Tribunal. The assessee rsquo s case is fully covered by this decision and, therefore, the view taken by the CIT to disallow the interest paid to the partners of the assessee firm under s. 40(b) of the Act is inadmissible and is not correct. 9. In the result, assessee firm succeeds and the appeals are allowed.
|