Interest to Partner Allowed u/s 40(b)(iv); Partnership Deed Valid, Appeal by Assessee Successful.

Interest to Partner Allowed u/s 40(b)(iv); Partnership Deed Valid, Appeal by Assessee Successful. https://www.taxtmi.com/highlights?id=69784 Liability of interest paid to the related parties u/s 40(b)(iv) - Interest paid to partner of the firm - as per clause-8 of the original partnership deed, the interest is allowable and it is not the case here that the partnership deed ceased to exist. Appeal filed by the Assessee stands allowed. - AT en-us Tue, 16 May 2023 18:14:45 +0530 Tue, 16 May 2023 18:14:45 +0530 TaxTMI RSS Generator Interest to Partner Allowed u/s 40(b)(iv); Partnership Deed Valid, Appeal by Assessee Successful. https://www.taxtmi.com/highlights?id=69784 Liability of interest paid to the related parties u/s 40(b)(iv) - Interest paid to partner of the firm - as per clause-8 of the original partnership deed, the interest is allowable and it is not the case here that the partnership deed ceased to exist. Appeal filed by the Assessee stands allowed. - AT Highlights Income Tax Tue, 16 May 2023 18:14:45 +0530 https://www.taxtmi.com/highlights?id=69784