1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
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>Deduction of Remuneration for Hindu Undivided Family Business Upheld</h1> The High Court allowed the deduction of remuneration paid to the karta of a Hindu undivided family for managing the family business for assessment years ... Whether remuneration paid by a Hindu undivided family to the karta for services rendered could be a deduction in the computation of the income of the Hindu undivided family - Held, yes The judgment relates to assessment years 1959-60 to 1961-62 regarding deduction of remuneration paid to the karta of a Hindu undivided family for managing the family business. The High Court allowed the deduction, citing precedent that such payments can be deducted as a matter of commercial or business expediency. The claim was upheld, rejecting the revenue's argument against the deduction. The court ruled in favor of the assessee with costs.
TaxTMI 
TaxTMI 
