https://www.taxtmi.com/caselaws?id=12126 The Supreme Court upheld the decision of the Appellate Tribunal, ruling in favor of the assessee in a case concerning interest payments by a firm to its partners who were members of a Hindu undivided family. The court determined that the interest payments were made to the joint family, not individual partners, due to the nullity of a partial partition. The court emphasized the application of deeming provisions in tax law and dismissed the Revenue's challenge, awarding costs to the assessee. en-us Tue, 31 Dec 2002 00:00:00 +0530 Wed, 17 Feb 2010 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12126 The Supreme Court upheld the decision of the Appellate Tribunal, ruling in favor of the assessee in a case concerning interest payments by a firm to its partners who were members of a Hindu undivided family. The court determined that the interest payments were made to the joint family, not individual partners, due to the nullity of a partial partition. The court emphasized the application of deeming provisions in tax law and dismissed the Revenue's challenge, awarding costs to the assessee. Case-Laws Income Tax Tue, 31 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12126