https://www.taxtmi.com/caselaws?id=192663 The court held that the respondent was not personally liable to repay the unrecouped portion of the advance amount, as it was considered an advance against future film collections, not a loan. The debit of Rs. 2000 paid to Dinamani Talkies was deemed valid as the respondent had initially accepted its propriety. However, the claim for interest was reduced to 6% per annum from the date of demand. The appellant was awarded Rs. 7855-1-6 with interest and costs in both courts. en-us Wed, 05 Aug 1959 00:00:00 +0530 Fri, 09 Jun 2017 18:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192663 The court held that the respondent was not personally liable to repay the unrecouped portion of the advance amount, as it was considered an advance against future film collections, not a loan. The debit of Rs. 2000 paid to Dinamani Talkies was deemed valid as the respondent had initially accepted its propriety. However, the claim for interest was reduced to 6% per annum from the date of demand. The appellant was awarded Rs. 7855-1-6 with interest and costs in both courts. Case-Laws Indian Laws Wed, 05 Aug 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192663