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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Computation of member's share in association income: rules for deduction, apportionment, and allocation under tax heads.</h1> The substituted provision prescribes a method of computing a member's share in the income or loss of an association of persons or body of individuals with determinate member shares: deduct remuneration paid to members from the association's total income, apportion the balance among members, add such remuneration to a member's apportioned profit or adjust it against an apportioned loss, allocate the computed member's share under the same heads of income as the association, and allow deduction of interest on capital borrowed by a member for investment in the association from his business income share.

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