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

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....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....