https://www.taxtmi.com/caselaws?id=281985 The Tribunal directed the Assessing Officer to treat the interest income as business income and allow deductions for interest and salary paid to partners. The decision clarified the conditions for invoking Section 144 and Section 184(5), emphasizing the link between interest income and business activities. The appeal was partly allowed, highlighting the importance of proper compliance with notices and the justification required for denying deductions. en-us Tue, 12 Mar 2019 00:00:00 +0530 Tue, 16 Jul 2019 07:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281985 The Tribunal directed the Assessing Officer to treat the interest income as business income and allow deductions for interest and salary paid to partners. The decision clarified the conditions for invoking Section 144 and Section 184(5), emphasizing the link between interest income and business activities. The appeal was partly allowed, highlighting the importance of proper compliance with notices and the justification required for denying deductions. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281985