https://www.taxtmi.com/caselaws?id=70732 The Appellate Tribunal allowed the appeal, directing that interest from individual partners should be adjusted against the interest paid to them by the firm, and only the net amount of interest paid should be disallowed under section 40(b). The relief granted to the assessee was for Rs. 3,777. en-us Wed, 12 Dec 1984 00:00:00 +0530 Mon, 18 Apr 2011 18:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70732 The Appellate Tribunal allowed the appeal, directing that interest from individual partners should be adjusted against the interest paid to them by the firm, and only the net amount of interest paid should be disallowed under section 40(b). The relief granted to the assessee was for Rs. 3,777. Case-Laws Income Tax Wed, 12 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70732