https://www.taxtmi.com/caselaws?id=71065 The Appellate Tribunal upheld the decision of the AAC to delete the addition of Rs. 38,098 under the interest account. The Tribunal found that the interest payments were made to the Hindu Undivided Families (HUFs), who were creditors of the firm, and not to the individual partners. It was determined that the AAC's interpretation of the law was correct, and the Department's appeal was dismissed. en-us Fri, 19 Sep 1980 00:00:00 +0530 Thu, 21 Apr 2011 11:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71065 The Appellate Tribunal upheld the decision of the AAC to delete the addition of Rs. 38,098 under the interest account. The Tribunal found that the interest payments were made to the Hindu Undivided Families (HUFs), who were creditors of the firm, and not to the individual partners. It was determined that the AAC's interpretation of the law was correct, and the Department's appeal was dismissed. Case-Laws Income Tax Fri, 19 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71065