https://www.taxtmi.com/caselaws?id=56770 The Tribunal upheld the Appellate Assistant Commissioner's decisions to allow deductions for interest paid by the firm based on their accounting method, disallow interest on withdrawals for personal expenses, and permit deduction for refreshment expenses. The disallowance of excess interest, interest on personal withdrawals, and refreshment expenses were upheld, leading to the dismissal of both the appeal and cross-objections. en-us Mon, 22 Apr 1985 00:00:00 +0530 Mon, 06 Dec 2010 16:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56770 The Tribunal upheld the Appellate Assistant Commissioner's decisions to allow deductions for interest paid by the firm based on their accounting method, disallow interest on withdrawals for personal expenses, and permit deduction for refreshment expenses. The disallowance of excess interest, interest on personal withdrawals, and refreshment expenses were upheld, leading to the dismissal of both the appeal and cross-objections. Case-Laws Income Tax Mon, 22 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56770