https://www.taxtmi.com/caselaws?id=66376 The Tribunal dismissed the appeal, confirming that the partnership deed including a deity as a partner was invalid. Consequently, the assessee was assessed as an Association of Persons (AOP) instead of a partnership firm. As a result, interest and remuneration payments to partners were disallowed under section 40(b), and income was taxed at the maximum marginal rate under section 167B(2)(1). The decision was supported by legal precedents, highlighting the legal prohibition of a deity being a partner in a firm. en-us Wed, 30 Nov 2005 00:00:00 +0530 Thu, 24 Feb 2011 10:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66376 The Tribunal dismissed the appeal, confirming that the partnership deed including a deity as a partner was invalid. Consequently, the assessee was assessed as an Association of Persons (AOP) instead of a partnership firm. As a result, interest and remuneration payments to partners were disallowed under section 40(b), and income was taxed at the maximum marginal rate under section 167B(2)(1). The decision was supported by legal precedents, highlighting the legal prohibition of a deity being a partner in a firm. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66376