https://www.taxtmi.com/caselaws?id=20707 The High Court allowed the original petitions, quashing previous orders, and directed fresh assessments. The first respondent was instructed to deduct interest paid by the petitioners to the bank on loans from their business income and grant them the deduction under section 80L. No costs were awarded in this matter. en-us Mon, 29 Mar 1993 00:00:00 +0530 Mon, 16 Nov 2009 17:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20707 The High Court allowed the original petitions, quashing previous orders, and directed fresh assessments. The first respondent was instructed to deduct interest paid by the petitioners to the bank on loans from their business income and grant them the deduction under section 80L. No costs were awarded in this matter. Case-Laws Income Tax Mon, 29 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20707