https://www.taxtmi.com/highlights?id=55729 Disallowance of proportionate bank interest and drawings made by the Managing Partner of the firm - Interest payment attributable to interest paid on funds diverted for non business purposes viz. gifts made - Withdrawal of money by the partner from his current account does not carry any interest and he is at liberty to draw the same from his current account. - No proportionate disallowance of interest could be made - AT en-us Thu, 03 Dec 2020 11:37:14 +0530 Thu, 03 Dec 2020 11:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55729 Disallowance of proportionate bank interest and drawings made by the Managing Partner of the firm - Interest payment attributable to interest paid on funds diverted for non business purposes viz. gifts made - Withdrawal of money by the partner from his current account does not carry any interest and he is at liberty to draw the same from his current account. - No proportionate disallowance of interest could be made - AT Highlights Income Tax Thu, 03 Dec 2020 11:37:14 +0530 https://www.taxtmi.com/highlights?id=55729