https://www.taxtmi.com/caselaws?id=64187 The Tribunal ruled in favor of the assessee regarding the charging of interest on debit balances in the accounts of partners and their family members for the assessment years 1977-78 and 1978-79. The Tribunal found the interest charged at 13.5 per cent to be justified and deleted the additions sustained by the CIT (A) for both years. Additionally, the Tribunal directed the CIT (A) to re-decide the disallowance under section 80-VV of the IT Act for the assessment year 1978-79 in line with a referenced decision, resulting in partial success for the assessee. en-us Mon, 22 Dec 1986 00:00:00 +0530 Sat, 05 Feb 2011 12:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64187 The Tribunal ruled in favor of the assessee regarding the charging of interest on debit balances in the accounts of partners and their family members for the assessment years 1977-78 and 1978-79. The Tribunal found the interest charged at 13.5 per cent to be justified and deleted the additions sustained by the CIT (A) for both years. Additionally, the Tribunal directed the CIT (A) to re-decide the disallowance under section 80-VV of the IT Act for the assessment year 1978-79 in line with a referenced decision, resulting in partial success for the assessee. Case-Laws Income Tax Mon, 22 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64187