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<h1>High Court directs Tribunal to address deductibility of partnership deed payments disallowed as revenue expenditure.</h1> The High Court directed the Tribunal to refer the question of law regarding the deductibility of payments made under a partnership deed, which were ... Deduction, Firm, Reference The petitioner claimed deduction for payments made to four persons under a partnership deed. The payments were deemed as rent and disallowed as revenue expenditure by the Tribunal. The High Court directed the Tribunal to refer the question of law regarding the deductibility of the payments to the Court. The petition was disposed of with no order as to costs.
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