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        Case ID :
        Income Tax

        Addition towards interest on advances to partners - interest...

        Interest Deductions Denied for Interest-Free Advances to Partners, Confirmed as Non-Business Use of Funds, Increases Taxable Income.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Addition towards interest on advances to partners - interest free advances given to partners - Disallowance of interest for diversion of funds - Additions confirmed.
                                Note: It is a system-generated summary and is for quick reference only.
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