https://www.taxtmi.com/caselaws?id=71081 Salary and interest paid to an individual were held to be disallowable because the recipient was a partner in the partnership arrangement, bringing the payments within the statutory bar in section 40(b). The argument that the amounts were paid in a personal capacity was rejected, and authorities concerning Hindu undivided families or other distinguishable situations were held inapplicable. The Tribunal relied on contrary High Court and Special Bench decisions, as well as its own earlier ruling on the same point, and concluded that the partner's status controlled the deduction question. The assessee therefore failed on the issue. en-us Wed, 08 Aug 1984 00:00:00 +0530 Thu, 21 Apr 2011 12:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71081 Salary and interest paid to an individual were held to be disallowable because the recipient was a partner in the partnership arrangement, bringing the payments within the statutory bar in section 40(b). The argument that the amounts were paid in a personal capacity was rejected, and authorities concerning Hindu undivided families or other distinguishable situations were held inapplicable. The Tribunal relied on contrary High Court and Special Bench decisions, as well as its own earlier ruling on the same point, and concluded that the partner's status controlled the deduction question. The assessee therefore failed on the issue. Case-Laws Income Tax Wed, 08 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71081