https://www.taxtmi.com/caselaws?id=66040 The Tribunal decided to delete the addition to the production account as the department failed to establish a case for making the addition based on shortages and leakages inherent in the business. Regarding the disallowance of interest, the Tribunal upheld the disallowance not under section 40(b) but as interest not related to the business of the assessee, payable by smaller Hindu Undivided Families to larger ones. Both appeals were allowed in favor of the department. en-us Tue, 28 Feb 1989 00:00:00 +0530 Mon, 21 Feb 2011 10:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66040 The Tribunal decided to delete the addition to the production account as the department failed to establish a case for making the addition based on shortages and leakages inherent in the business. Regarding the disallowance of interest, the Tribunal upheld the disallowance not under section 40(b) but as interest not related to the business of the assessee, payable by smaller Hindu Undivided Families to larger ones. Both appeals were allowed in favor of the department. Case-Laws Income Tax Tue, 28 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66040