https://www.taxtmi.com/caselaws?id=66860 The revenue's appeal was allowed, and the assessee's appeal was dismissed. The disallowance under section 40A(8) of interest paid on borrowings from directors was upheld based on the Special Bench decision, which considered the amounts as deposits. Additionally, the treatment of Dharmada collections as trading receipts or capital was decided against the assessee due to the lack of a consistent pattern of contributions to charitable institutions. The distinct legal interpretations and factual circumstances led to the differing outcomes for the parties involved. en-us Mon, 23 Jul 1990 00:00:00 +0530 Mon, 07 Mar 2011 17:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66860 The revenue's appeal was allowed, and the assessee's appeal was dismissed. The disallowance under section 40A(8) of interest paid on borrowings from directors was upheld based on the Special Bench decision, which considered the amounts as deposits. Additionally, the treatment of Dharmada collections as trading receipts or capital was decided against the assessee due to the lack of a consistent pattern of contributions to charitable institutions. The distinct legal interpretations and factual circumstances led to the differing outcomes for the parties involved. Case-Laws Income Tax Mon, 23 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66860