https://www.taxtmi.com/caselaws?id=181553 The appeal of the assessee was allowed, and the disallowance under section 40A(2)(b) was deleted. The Tribunal considered factors such as the lack of security for the loans, flexibility in repayment, and difficulties in obtaining bank loans in reaching this decision. en-us Fri, 12 Jun 2009 00:00:00 +0530 Tue, 19 Apr 2016 17:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181553 The appeal of the assessee was allowed, and the disallowance under section 40A(2)(b) was deleted. The Tribunal considered factors such as the lack of security for the loans, flexibility in repayment, and difficulties in obtaining bank loans in reaching this decision. Case-Laws Income Tax Fri, 12 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181553