https://www.taxtmi.com/caselaws?id=70234 The Tribunal allowed the appeals, overturning the CIT's decision and reinstating the ITO's assessment. It permitted the deduction of remuneration paid to the Kartas for services rendered to the firms on behalf of the HUFs. The judgment emphasized the business expediency and services provided to the HUFs, aligning with Supreme Court precedents regarding deductions for Kartas actively managing HUF interests in partnership businesses. The lack of evidence showing services solely to the HUFs supported the restoration of the ITO's order, ultimately allowing the appeals. en-us Wed, 23 Feb 1983 00:00:00 +0530 Mon, 13 Jun 2011 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70234 The Tribunal allowed the appeals, overturning the CIT's decision and reinstating the ITO's assessment. It permitted the deduction of remuneration paid to the Kartas for services rendered to the firms on behalf of the HUFs. The judgment emphasized the business expediency and services provided to the HUFs, aligning with Supreme Court precedents regarding deductions for Kartas actively managing HUF interests in partnership businesses. The lack of evidence showing services solely to the HUFs supported the restoration of the ITO's order, ultimately allowing the appeals. Case-Laws Income Tax Wed, 23 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70234