https://www.taxtmi.com/caselaws?id=69997 The tribunal ruled in favor of the assessee, canceling the order made under Section 263. The appeal was allowed, emphasizing the compliance of the trust deed with the provisions of Section 40A(8) and the secure nature of the deposits, thereby justifying the decision to not disallow the interest expenditure. en-us Tue, 20 Mar 1990 00:00:00 +0530 Wed, 13 Apr 2011 13:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69997 The tribunal ruled in favor of the assessee, canceling the order made under Section 263. The appeal was allowed, emphasizing the compliance of the trust deed with the provisions of Section 40A(8) and the secure nature of the deposits, thereby justifying the decision to not disallow the interest expenditure. Case-Laws Income Tax Tue, 20 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69997