https://www.taxtmi.com/caselaws?id=64426 The Tribunal remanded the case to the ITO to ascertain if the loan, when combined with other loans, surpassed 75% of the market value of the charged assets as of November 7, 1981. If it did not exceed this threshold, the disallowance under section 40A(8) would not be applicable; otherwise, it would. The appeal was allowed for statistical purposes, pending the ITO's further assessment. en-us Fri, 25 Mar 1988 00:00:00 +0530 Mon, 07 Feb 2011 17:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64426 The Tribunal remanded the case to the ITO to ascertain if the loan, when combined with other loans, surpassed 75% of the market value of the charged assets as of November 7, 1981. If it did not exceed this threshold, the disallowance under section 40A(8) would not be applicable; otherwise, it would. The appeal was allowed for statistical purposes, pending the ITO's further assessment. Case-Laws Income Tax Fri, 25 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64426