https://www.taxtmi.com/caselaws?id=69540 The Tribunal allowed the appeal for the assessment year 1983-84 and dismissed the appeal for the assessment year 1984-85. The disallowance of interest paid to partners under section 40(b) was not upheld, citing the clarificatory nature of the explanation introduced by the Taxation Laws (Amendment) Act, 1984. Additionally, discrepancies in stock valuation were not deemed sufficient for ad hoc additions, leading to the deletion of such additions for both assessment years. en-us Tue, 16 Jan 1990 00:00:00 +0530 Thu, 07 Apr 2011 15:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69540 The Tribunal allowed the appeal for the assessment year 1983-84 and dismissed the appeal for the assessment year 1984-85. The disallowance of interest paid to partners under section 40(b) was not upheld, citing the clarificatory nature of the explanation introduced by the Taxation Laws (Amendment) Act, 1984. Additionally, discrepancies in stock valuation were not deemed sufficient for ad hoc additions, leading to the deletion of such additions for both assessment years. Case-Laws Income Tax Tue, 16 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69540