https://www.taxtmi.com/caselaws?id=71274 The Tribunal dismissed the revenue's appeal, upholding the allowance of remuneration to partners representing their HUF's as Karta under section 40(b) of the Income-tax Act for the assessment year 1993-94. The Tribunal interpreted the amended provision of section 40(b) to permit such deductions, aligning with past decisions that partners, including Kartas of HUF's, are considered individuals for partnership purposes. The decision emphasized that the remuneration to Kartas representing HUF's was allowable under the new provision, rejecting the revenue's contention that an HUF cannot be a working partner. en-us Tue, 27 Sep 2005 00:00:00 +0530 Fri, 22 Apr 2011 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71274 The Tribunal dismissed the revenue's appeal, upholding the allowance of remuneration to partners representing their HUF's as Karta under section 40(b) of the Income-tax Act for the assessment year 1993-94. The Tribunal interpreted the amended provision of section 40(b) to permit such deductions, aligning with past decisions that partners, including Kartas of HUF's, are considered individuals for partnership purposes. The decision emphasized that the remuneration to Kartas representing HUF's was allowable under the new provision, rejecting the revenue's contention that an HUF cannot be a working partner. Case-Laws Income Tax Tue, 27 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71274