https://www.taxtmi.com/caselaws?id=117758 The Tribunal allowed the appeal, determining that the appellant could claim a deduction for interest paid on borrowed funds for investment in a partnership firm against the remuneration received from the firm, assessed under the head 'business.' The Tribunal emphasized the differentiation in taxation between firms and partners, allowing deductions for payments such as salary to working partners as per the partnership deed. en-us Tue, 28 Dec 2004 00:00:00 +0530 Tue, 26 Jun 2012 13:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117758 The Tribunal allowed the appeal, determining that the appellant could claim a deduction for interest paid on borrowed funds for investment in a partnership firm against the remuneration received from the firm, assessed under the head 'business.' The Tribunal emphasized the differentiation in taxation between firms and partners, allowing deductions for payments such as salary to working partners as per the partnership deed. Case-Laws Income Tax Tue, 28 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117758