Assessee claimed the deduction of interest paid to relatives. Assessing Officer disallowed the interest which was affirmed by the Tribunal. On appeal the Court held that the assessee had given names of persons from whom he borrowed money and the    interest paid was allowed as deduction from year to year and lenders were disclosed the interest in their return of income. High court remanded the matter to the file of Assessing Officer to allow the interest as per the law.  (AY. 2011-12)