Case Law Details
Case Name : ACIT Vs Modesty Garments (ITAT Delhi)
Appeal Number : ITA No. 183/Del/2020
Date of Judgement/Order : 29/03/2023
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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ACIT Vs Modesty Garments (ITAT Delhi)
ITAT Delhi held that as per partnership deep, partners shall be entitled to interest on their loan accounts with the firm at the prescribed rates, hence disallowance of the same is unjustified.
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