https://www.taxtmi.com/caselaws?id=67479 The Tribunal held that salary paid by a firm to its partner does not qualify for standard deductions under section 16(i) of the Income-tax Act as it constitutes a distribution of profits, not chargeable under "Salaries." The Tribunal emphasized that a partner in a firm cannot be considered an employee, as per legal provisions and precedents, thus denying the assessee the deductions claimed. The decision clarified the distinct nature of the relationship between a firm and its partner, ruling out eligibility for standard deductions in such cases. en-us Fri, 15 Nov 1991 00:00:00 +0530 Thu, 10 Mar 2011 17:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67479 The Tribunal held that salary paid by a firm to its partner does not qualify for standard deductions under section 16(i) of the Income-tax Act as it constitutes a distribution of profits, not chargeable under "Salaries." The Tribunal emphasized that a partner in a firm cannot be considered an employee, as per legal provisions and precedents, thus denying the assessee the deductions claimed. The decision clarified the distinct nature of the relationship between a firm and its partner, ruling out eligibility for standard deductions in such cases. Case-Laws Income Tax Fri, 15 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67479