https://www.taxtmi.com/caselaws?id=3465 The court upheld the Tribunal's decision, ruling that payments to partners for specific services rendered were permissible deductions and not subject to disallowance under Section 40(b) of the Income Tax Act for the assessment year 1989-90. The court found that the payments were not made in the capacity of partners but as compensation for services, aligning with legal precedents. Consequently, the appeal by the Revenue was dismissed. en-us Tue, 27 Jun 2006 00:00:00 +0530 Tue, 07 Feb 2012 19:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3465 The court upheld the Tribunal's decision, ruling that payments to partners for specific services rendered were permissible deductions and not subject to disallowance under Section 40(b) of the Income Tax Act for the assessment year 1989-90. The court found that the payments were not made in the capacity of partners but as compensation for services, aligning with legal precedents. Consequently, the appeal by the Revenue was dismissed. Case-Laws Income Tax Tue, 27 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3465