https://www.taxtmi.com/caselaws?id=366965 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the disallowance of the loan repayment by the Commissioner of Income Tax (Appeals) on August 7, 2018, in Chennai. The Tribunal found that the repayment was made from the assessee's overdraft account, indicating sufficient funds without reliance on the partner's credit, leading to the removal of the disallowance. en-us Tue, 07 Aug 2018 00:00:00 +0530 Wed, 12 Sep 2018 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366965 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the disallowance of the loan repayment by the Commissioner of Income Tax (Appeals) on August 7, 2018, in Chennai. The Tribunal found that the repayment was made from the assessee's overdraft account, indicating sufficient funds without reliance on the partner's credit, leading to the removal of the disallowance. Case-Laws Income Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366965