https://www.taxtmi.com/caselaws?id=69093 The Tribunal held that the salary paid to partners, who represented their joint families in the firm, could not be disallowed under section 40(b) of the Income-tax Act. It was determined that the salary paid to the partners in their individual capacity, while they were partners as kartas of their joint families, could not be considered as a share of income derived from the firm. The Tribunal emphasized the legislative intent behind the Explanation to section 40(b) and concluded that the disallowance under the section was not applicable in this case. The appeal was dismissed, affirming the decision of the Commissioner of Income-tax (Appeals). en-us Fri, 10 Jan 1992 00:00:00 +0530 Fri, 21 Feb 2020 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69093 The Tribunal held that the salary paid to partners, who represented their joint families in the firm, could not be disallowed under section 40(b) of the Income-tax Act. It was determined that the salary paid to the partners in their individual capacity, while they were partners as kartas of their joint families, could not be considered as a share of income derived from the firm. The Tribunal emphasized the legislative intent behind the Explanation to section 40(b) and concluded that the disallowance under the section was not applicable in this case. The appeal was dismissed, affirming the decision of the Commissioner of Income-tax (Appeals). Case-Laws Income Tax Fri, 10 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69093