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Interest on loan u/s 43b

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(Querist)
22 September 2011 Interest on loan shown payable to partners in a partnership firm . The above expenses has not been paid to the partners and only exp.provision is created.
whether the above exp. will be disallowed u/s 43B since 43B states that "interest on any loan should be actully paid and mere provision will be disallowed"
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 September 2011 Will not be disallowed because the said section covers only loans taken from specified financial institutions /scheduled banks.
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