https://www.taxtmi.com/caselaws?id=61655 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeals and affirming the allowance of the deduction for salary paid to partners under section 40(b) of the IT Act. The Tribunal clarified that partners did not need to be specifically designated as "working partners" in the partnership deed to claim the deduction, emphasizing that the salary should be paid in accordance with the partnership terms. The Tribunal criticized the AO's inconsistent interpretation of the law and confirmed that the deduction was justified. en-us Tue, 28 Jan 2003 00:00:00 +0530 Thu, 13 Jan 2011 17:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61655 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeals and affirming the allowance of the deduction for salary paid to partners under section 40(b) of the IT Act. The Tribunal clarified that partners did not need to be specifically designated as "working partners" in the partnership deed to claim the deduction, emphasizing that the salary should be paid in accordance with the partnership terms. The Tribunal criticized the AO's inconsistent interpretation of the law and confirmed that the deduction was justified. Case-Laws Income Tax Tue, 28 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61655