TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Partner's Salary from Firm Not Taxable as Salary; No Standard Deduction Allowed</h1> <h3>Harbans Singh. Versus Income-Tax Officer.</h3> The appeal was dismissed by the Appellate Tribunal ITAT CHANDIGARH, as it held that salary paid to a partner from a firm is considered a special share of ... Standard Deduction The appeal was against the denial of standard deduction under section 16(i) of the Income-tax Act for salary income received as a partner from a firm. The Tribunal held that salary paid to a partner is considered a special share of profits and cannot be taxed under the head 'Salaries'. Therefore, standard deduction cannot be granted in such cases. The appeal was dismissed. (Case: Appellate Tribunal ITAT CHANDIGARH, Citation: 1983 (1) TMI 128 - ITAT CHANDIGARH)
TaxTMI 
