https://www.taxtmi.com/caselaws?id=70258 The Tribunal concluded that the remuneration received by an individual partner from a partnership firm should be treated as the individual's income, not that of the Hindu Undivided Family (HUF) represented by the partner. The Third Member held that the remuneration constituted salary for services rendered in the individual capacity, allowing for standard deduction under section 16(1) of the Income Tax Act. The decision emphasized the necessity of establishing a service contract between the partner and the firm to qualify the remuneration as salary eligible for deduction, distinguishing between individual and HUF income. en-us Thu, 04 Jul 1985 00:00:00 +0530 Fri, 15 Apr 2011 10:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70258 The Tribunal concluded that the remuneration received by an individual partner from a partnership firm should be treated as the individual's income, not that of the Hindu Undivided Family (HUF) represented by the partner. The Third Member held that the remuneration constituted salary for services rendered in the individual capacity, allowing for standard deduction under section 16(1) of the Income Tax Act. The decision emphasized the necessity of establishing a service contract between the partner and the firm to qualify the remuneration as salary eligible for deduction, distinguishing between individual and HUF income. Case-Laws Income Tax Thu, 04 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70258