https://www.taxtmi.com/caselaws?id=27416 The High Court ruled that interest paid by a legal representative on tax arrears of a deceased's business cannot be claimed as a deduction in the assessment of the successor's Hindu Undivided Family (HUF) business income. The Court emphasized the differentiation between personal obligations of the legal representative and business expenses of the HUF, stating that such interest payments do not qualify as business expenditures. The decision upheld adherence to the provisions of the Income-tax Act, 1961, directing each party to bear their respective costs. en-us Mon, 13 Aug 1984 00:00:00 +0530 Fri, 12 Feb 2010 16:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27416 The High Court ruled that interest paid by a legal representative on tax arrears of a deceased's business cannot be claimed as a deduction in the assessment of the successor's Hindu Undivided Family (HUF) business income. The Court emphasized the differentiation between personal obligations of the legal representative and business expenses of the HUF, stating that such interest payments do not qualify as business expenditures. The decision upheld adherence to the provisions of the Income-tax Act, 1961, directing each party to bear their respective costs. Case-Laws Income Tax Mon, 13 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27416