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of <h1>High Court rules in favor of assessee on partner payments under Income-tax Act</h1> <h3>Bhupendra Navnitlal And Co. Versus Commissioner Of Income-Tax</h3> Bhupendra Navnitlal And Co. Versus Commissioner Of Income-Tax - [1994] 209 ITR 972 The High Court of Gujarat ruled in favor of the assessee regarding the disallowance of payments made to a partner under section 40(b) of the Income-tax Act, 1961. The court cited a Full Bench decision and held that interest paid to an individual from his personal funds cannot be disallowed if he is a partner representing a Hindu undivided family. Question No. 2 was answered in favor of the assessee. Question No. 1 was left unanswered as it was not required to be replied. The reference was disposed of with no order as to costs.
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