https://www.taxtmi.com/caselaws?id=25218 The High Court of Andhra Pradesh ruled in favor of the assessee, allowing the interest of Rs. 1,29,151 to be treated as corresponding to the monies drawn for tax payment. The Court found that the interest claimed should be allowed under section 80V of the Income-tax Act, 1961, due to the commercial expediency and convenience of the situation, despite the prohibition under section 40A(8) of the Act. en-us Thu, 04 Feb 1988 00:00:00 +0530 Wed, 27 Jan 2010 12:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25218 The High Court of Andhra Pradesh ruled in favor of the assessee, allowing the interest of Rs. 1,29,151 to be treated as corresponding to the monies drawn for tax payment. The Court found that the interest claimed should be allowed under section 80V of the Income-tax Act, 1961, due to the commercial expediency and convenience of the situation, despite the prohibition under section 40A(8) of the Act. Case-Laws Income Tax Thu, 04 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25218