https://www.taxtmi.com/caselaws?id=69833 Remuneration paid by a Hindu undivided family to its karta for managing the family business and safeguarding partnership interests was treated as deductible business expenditure where the payment reflected services actually rendered, was entered in the family accounts, and was found to be reasonable. The allowance was supported by commercial expediency because the karta was compensating the family's own business operations and its represented interests in partnership concerns. On those facts, the deduction was considered allowable and the disallowance unjustified. en-us Mon, 26 Nov 1984 00:00:00 +0530 Tue, 12 Apr 2011 12:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69833 Remuneration paid by a Hindu undivided family to its karta for managing the family business and safeguarding partnership interests was treated as deductible business expenditure where the payment reflected services actually rendered, was entered in the family accounts, and was found to be reasonable. The allowance was supported by commercial expediency because the karta was compensating the family's own business operations and its represented interests in partnership concerns. On those facts, the deduction was considered allowable and the disallowance unjustified. Case-Laws Income Tax Mon, 26 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69833