https://www.taxtmi.com/caselaws?id=56685 Interest paid to amounts standing in the name of bigger Hindu undivided families and individual funds was not treated as hit by section 40(b) because those funds were recognised as distinct from the partners' representative capacity; the interest addition was deleted. Estimated disallowance of travelling expenses was reduced on the basis of the detailed statement filed by the assessee, as the claim could not be rejected in full. No further disallowance of car expenses or depreciation was justified where the assessee had already restricted the claim by excluding personal use, and the additional disallowance was modified accordingly. en-us Tue, 22 Feb 1977 00:00:00 +0530 Mon, 06 Dec 2010 13:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56685 Interest paid to amounts standing in the name of bigger Hindu undivided families and individual funds was not treated as hit by section 40(b) because those funds were recognised as distinct from the partners' representative capacity; the interest addition was deleted. Estimated disallowance of travelling expenses was reduced on the basis of the detailed statement filed by the assessee, as the claim could not be rejected in full. No further disallowance of car expenses or depreciation was justified where the assessee had already restricted the claim by excluding personal use, and the additional disallowance was modified accordingly. Case-Laws Income Tax Tue, 22 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56685