https://www.taxtmi.com/caselaws?id=28176 The High Court ruled in favor of the assessee regarding entertainment expenses, allowing the entire expenditure as a deduction. However, the Court sided with the Department on the disallowance of interest payments to a partner, stating that disallowance should be based on gross interest paid without allowing for a set-off from interest payable by the partner to the firm. en-us Tue, 07 Dec 1982 00:00:00 +0530 Fri, 19 Feb 2010 14:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28176 The High Court ruled in favor of the assessee regarding entertainment expenses, allowing the entire expenditure as a deduction. However, the Court sided with the Department on the disallowance of interest payments to a partner, stating that disallowance should be based on gross interest paid without allowing for a set-off from interest payable by the partner to the firm. Case-Laws Income Tax Tue, 07 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28176