https://www.taxtmi.com/caselaws?id=66313 The Appellate Tribunal ITAT Hyderabad-A ruled in favor of the firm in an assessment dispute regarding interest income. The Tribunal found that the partners' actions and intentions, as evidenced by their tax returns and capital account balances, indicated that the deposits and interest were individual property rather than belonging to the firm. Consequently, the interest income was excluded from the firm's assessment for the relevant year. en-us Thu, 29 Sep 1983 00:00:00 +0530 Wed, 23 Feb 2011 15:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66313 The Appellate Tribunal ITAT Hyderabad-A ruled in favor of the firm in an assessment dispute regarding interest income. The Tribunal found that the partners' actions and intentions, as evidenced by their tax returns and capital account balances, indicated that the deposits and interest were individual property rather than belonging to the firm. Consequently, the interest income was excluded from the firm's assessment for the relevant year. Case-Laws Income Tax Thu, 29 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66313