https://www.taxtmi.com/caselaws?id=69541 The Appellate Tribunal ITAT MADRAS-B ruled in favor of the assessee, holding that the disallowance of interest paid to the partner representing the Hindu Undivided Family (HUF) under Section 40(b) for the assessment year 1981-82 was not justified. The Tribunal considered the interpretation of case law and circulars regarding the disallowance of such interest and concluded that it was not warranted in this case. The appeal was allowed, and the decision favored the assessee. en-us Tue, 16 Jan 1990 00:00:00 +0530 Thu, 07 Apr 2011 15:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69541 The Appellate Tribunal ITAT MADRAS-B ruled in favor of the assessee, holding that the disallowance of interest paid to the partner representing the Hindu Undivided Family (HUF) under Section 40(b) for the assessment year 1981-82 was not justified. The Tribunal considered the interpretation of case law and circulars regarding the disallowance of such interest and concluded that it was not warranted in this case. The appeal was allowed, and the decision favored the assessee. Case-Laws Income Tax Tue, 16 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69541