https://www.taxtmi.com/caselaws?id=19252 Interest paid by a firm to Hindu undivided families was not disallowable merely because the partners were individuals who belonged to those recipient HUFs. The court treated the HUFs as distinct entities from the partners and followed the existing judicial view that the payment was made to the HUFs in their own right. The Tribunal's deletion of the addition was therefore upheld, and the issue was decided in favour of the assessee and against the Revenue. en-us Thu, 21 Jul 1994 00:00:00 +0530 Thu, 05 Nov 2009 10:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19252 Interest paid by a firm to Hindu undivided families was not disallowable merely because the partners were individuals who belonged to those recipient HUFs. The court treated the HUFs as distinct entities from the partners and followed the existing judicial view that the payment was made to the HUFs in their own right. The Tribunal's deletion of the addition was therefore upheld, and the issue was decided in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19252