https://www.taxtmi.com/caselaws?id=69220 The Tribunal disallowed the deduction claimed by the assessee for salary paid to two partners under section 40(b) of the Income Tax Act, 1961. The Tribunal held that the salary payments were not allowable as they did not meet the criteria set out in the provision, which aims to prevent excessive claims and fraud in such payments. The Tribunal reversed the Appellate Assistant Commissioner's decision and upheld the Income Tax Officer's order, ruling in favor of the Revenue and denying the deduction for the salary payments to partners. en-us Thu, 13 Jan 1977 00:00:00 +0530 Tue, 05 Apr 2011 18:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69220 The Tribunal disallowed the deduction claimed by the assessee for salary paid to two partners under section 40(b) of the Income Tax Act, 1961. The Tribunal held that the salary payments were not allowable as they did not meet the criteria set out in the provision, which aims to prevent excessive claims and fraud in such payments. The Tribunal reversed the Appellate Assistant Commissioner's decision and upheld the Income Tax Officer's order, ruling in favor of the Revenue and denying the deduction for the salary payments to partners. Case-Laws Income Tax Thu, 13 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69220