https://www.taxtmi.com/caselaws?id=25847 An apparent conflict in Madhya Pradesh High Court decisions on the allowability of interest paid to partners under section 40(b) of the Income-tax Act, 1961 led to the reference being placed before the Chief Justice for consideration by a Full Bench. The document highlights the need to resolve the inconsistency in the court's prior views on this deduction issue, without stating any substantive adjudication on the merits. en-us Fri, 24 Jan 1986 00:00:00 +0530 Mon, 01 Feb 2010 12:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25847 An apparent conflict in Madhya Pradesh High Court decisions on the allowability of interest paid to partners under section 40(b) of the Income-tax Act, 1961 led to the reference being placed before the Chief Justice for consideration by a Full Bench. The document highlights the need to resolve the inconsistency in the court's prior views on this deduction issue, without stating any substantive adjudication on the merits. Case-Laws Income Tax Fri, 24 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25847