https://www.taxtmi.com/caselaws?id=18544 The High Court directed the Tribunal to refer legal questions regarding the disallowance of interest on partners' debit balances and the Tribunal's departure from the High Court's decision. The reference applications were allowed, with instructions for compliance within a specified timeframe. The judgment emphasized the importance of legal principles and clarified the conflict between the Tribunal's decisions and the High Court's precedent on interest disallowance. en-us Thu, 25 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 15:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18544 The High Court directed the Tribunal to refer legal questions regarding the disallowance of interest on partners' debit balances and the Tribunal's departure from the High Court's decision. The reference applications were allowed, with instructions for compliance within a specified timeframe. The judgment emphasized the importance of legal principles and clarified the conflict between the Tribunal's decisions and the High Court's precedent on interest disallowance. Case-Laws Income Tax Thu, 25 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18544