https://www.taxtmi.com/caselaws?id=180555 The Tribunal allowed the appeals in favor of the assessee for the assessment years 1993-94 and 1994-95. The issue revolved around the entitlement of the assessee to deduct interest paid for capital investment in the firm against income received as remuneration. The Tribunal concluded that the assessee is entitled to deduct interest paid on capital investment in the firm against remuneration received and assessed under the head business, based on legal principles and precedents established by the Supreme Court. en-us Thu, 13 Jul 2000 00:00:00 +0530 Tue, 29 Mar 2016 16:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180555 The Tribunal allowed the appeals in favor of the assessee for the assessment years 1993-94 and 1994-95. The issue revolved around the entitlement of the assessee to deduct interest paid for capital investment in the firm against income received as remuneration. The Tribunal concluded that the assessee is entitled to deduct interest paid on capital investment in the firm against remuneration received and assessed under the head business, based on legal principles and precedents established by the Supreme Court. Case-Laws Income Tax Thu, 13 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180555