Interest deduction for full-year can’t be allowed if partner has withdrawn major amount of capital from firm: ITAT

INCOME TAX : Where major amount from opening balance in capital account of a partner of assessee partnership firm was withdrawn by said partner and only a meager sum was available with partnership firm for its business purposes,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315642/interest-deduction-for-full-year-can’t-be-allowed-if-partner-has-withdrawn-major-amount-of-capital-from-firm-itat.aspx