https://www.taxtmi.com/caselaws?id=70235 The Tribunal reversed the AAC's decision and upheld the ITO's order, disallowing the deduction claimed by the HUF for the yearly allowance paid by a firm to the Kartha. The Tribunal concluded that the allowance should be assessed as share income of the HUF, rejecting the claim for deduction. The appeal by the revenue was allowed, settling the dispute over the deductibility of the allowance. en-us Wed, 03 Aug 1983 00:00:00 +0530 Fri, 15 Apr 2011 10:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70235 The Tribunal reversed the AAC's decision and upheld the ITO's order, disallowing the deduction claimed by the HUF for the yearly allowance paid by a firm to the Kartha. The Tribunal concluded that the allowance should be assessed as share income of the HUF, rejecting the claim for deduction. The appeal by the revenue was allowed, settling the dispute over the deductibility of the allowance. Case-Laws Income Tax Wed, 03 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70235