https://www.taxtmi.com/caselaws?id=24026 Interest paid to the Hindu undivided family accounts of partners was held not to attract disallowance under section 40(b) of the Income-tax Act, 1961, because the point was governed by the Court's Full Bench ruling in CIT v. Narbharam Popatbhai and Sons, which treated such payments as outside the scope of that disallowance provision. The Tribunal's contrary view was therefore unsustainable, and the question referred was answered in favour of the assessee. en-us Sat, 11 Mar 1989 00:00:00 +0530 Sat, 16 Jan 2010 10:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24026 Interest paid to the Hindu undivided family accounts of partners was held not to attract disallowance under section 40(b) of the Income-tax Act, 1961, because the point was governed by the Court's Full Bench ruling in CIT v. Narbharam Popatbhai and Sons, which treated such payments as outside the scope of that disallowance provision. The Tribunal's contrary view was therefore unsustainable, and the question referred was answered in favour of the assessee. Case-Laws Income Tax Sat, 11 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24026