https://www.taxtmi.com/caselaws?id=70966 A partner's share of firm profits is business income in the partner's hands, and expenditure incurred wholly and exclusively to earn that share income is deductible in the partner's individual assessment. Ordinary business outgoings of the firm remain claimable in the firm's assessment, but where the partner personally bears expenses such as rent, travel, legal fees, salaries, wages and miscellaneous outgoings for the business, those items may be allowed to the extent they are not personal in nature. On the facts discussed, the personal element in house rent was disallowed, while the balance of the claimed expenses was treated as deductible against the partner's share income. en-us Sat, 24 Mar 1984 00:00:00 +0530 Wed, 20 Apr 2011 14:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70966 A partner's share of firm profits is business income in the partner's hands, and expenditure incurred wholly and exclusively to earn that share income is deductible in the partner's individual assessment. Ordinary business outgoings of the firm remain claimable in the firm's assessment, but where the partner personally bears expenses such as rent, travel, legal fees, salaries, wages and miscellaneous outgoings for the business, those items may be allowed to the extent they are not personal in nature. On the facts discussed, the personal element in house rent was disallowed, while the balance of the claimed expenses was treated as deductible against the partner's share income. Case-Laws Income Tax Sat, 24 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70966