https://www.taxtmi.com/caselaws?id=69843 The Tribunal held that the remuneration paid by Hindu Undivided Families (HUFs) to their Kartas for managing the family businesses was allowable as a deduction under the Income Tax Act. The Tribunal relied on legal precedents and factual findings to support its decision, emphasizing that the payments were made for services rendered and were not excessive. The Tribunal rejected the reference applications, affirming that the deduction claimed by the HUFs was legitimate and aligned with established legal principles. en-us Tue, 21 Aug 1984 00:00:00 +0530 Tue, 12 Apr 2011 13:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69843 The Tribunal held that the remuneration paid by Hindu Undivided Families (HUFs) to their Kartas for managing the family businesses was allowable as a deduction under the Income Tax Act. The Tribunal relied on legal precedents and factual findings to support its decision, emphasizing that the payments were made for services rendered and were not excessive. The Tribunal rejected the reference applications, affirming that the deduction claimed by the HUFs was legitimate and aligned with established legal principles. Case-Laws Income Tax Tue, 21 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69843