ITAT allowed interest paid by firm on debit balance of partner's current a/c following principle of consistency

INCOME TAX : Where AO finding that there was debit balance in one of partner's current account and at same time assessee-firm had paid interest on borrowed capital, made disallowance of interest paid on borrowed capital by assessee, in view of fact that debit balance in one of partner's current account was appearing for last several years and in none of earlier years any such hypothetical income had been subjected to tax in hands of assessee, following principle of consistency, impugned disallow

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