https://www.taxtmi.com/caselaws?id=5359 The Supreme Court declined to express any opinion on the correctness of the High Court's disallowance of remuneration paid to members of a managing board under section 10(4)(b) of the Income-tax Act, 1922. It noted that the dispute involved a relatively small amount, arose from remote facts, and depended on special circumstances, including that the assessee firm had nine partners. Because the question had limited public importance and no recurring significance, the Court refused to formulate a substantive legal principle on the merits of the disallowance and dismissed the civil appeal, making no order as to costs. en-us Thu, 16 Jan 1992 00:00:00 +0530 Fri, 31 Aug 2018 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5359 The Supreme Court declined to express any opinion on the correctness of the High Court's disallowance of remuneration paid to members of a managing board under section 10(4)(b) of the Income-tax Act, 1922. It noted that the dispute involved a relatively small amount, arose from remote facts, and depended on special circumstances, including that the assessee firm had nine partners. Because the question had limited public importance and no recurring significance, the Court refused to formulate a substantive legal principle on the merits of the disallowance and dismissed the civil appeal, making no order as to costs. Case-Laws Income Tax Thu, 16 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5359