https://www.taxtmi.com/highlights?id=42946 Allowance of interest expenditure u/s 37 - interest paid to the depositors - there was no business in finance carried on by the Firms and the partners had merely taken advances from the firm, the application of which was not the concern of the firm - Interest expenditure not allowed. en-us Wed, 28 Nov 2018 11:13:37 +0530 Wed, 28 Nov 2018 11:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=42946 Allowance of interest expenditure u/s 37 - interest paid to the depositors - there was no business in finance carried on by the Firms and the partners had merely taken advances from the firm, the application of which was not the concern of the firm - Interest expenditure not allowed. Highlights Income Tax Wed, 28 Nov 2018 11:13:37 +0530 https://www.taxtmi.com/highlights?id=42946