https://www.taxtmi.com/news?id=301 Section 40 functions as a limitation on deductions otherwise allowable under the general deduction provisions and requires an assessee claiming deductions, including interest on partners' capital, to establish that the claim is not barred by the disentitlement rule; it is a corollary to the deduction framework rather than a stand-alone provision. en-us Wed, 27 Feb 2008 08:28:00 +0530 Tue, 24 Jun 2008 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=301 Section 40 functions as a limitation on deductions otherwise allowable under the general deduction provisions and requires an assessee claiming deductions, including interest on partners' capital, to establish that the claim is not barred by the disentitlement rule; it is a corollary to the deduction framework rather than a stand-alone provision. News - Wed, 27 Feb 2008 08:28:00 +0530 https://www.taxtmi.com/news?id=301