https://www.taxtmi.com/caselaws?id=62832 The Appellate Tribunal partially allowed the appeal, granting the deduction for interest where it had accrued during the relevant year but denying the deduction for interest pertaining to earlier years based on the accounting method followed by the partnership firm. The judgment underscores the significance of adhering to prescribed accounting methods and statutory provisions in determining income and allowable deductions in partnership firm scenarios. en-us Tue, 24 Feb 1998 00:00:00 +0530 Sat, 22 Jan 2011 11:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62832 The Appellate Tribunal partially allowed the appeal, granting the deduction for interest where it had accrued during the relevant year but denying the deduction for interest pertaining to earlier years based on the accounting method followed by the partnership firm. The judgment underscores the significance of adhering to prescribed accounting methods and statutory provisions in determining income and allowable deductions in partnership firm scenarios. Case-Laws Income Tax Tue, 24 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62832