Assessing Officer's Claim of Diverted Interest-Bearing Funds to Partners Incorrect; Credit Balance Remained in Capital Accounts.

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....The amount of advance given to partners and sister concerns is debited to the capital account of the partners, still there is a credit balance in the partners capital account, therefore, the A.O. was not correct in holding that the assessee has diverted its interest bearing funds to its partners and sister concerns. - AT....