https://www.taxtmi.com/caselaws?id=5629 The SC held that commission paid by a partnership firm to an individual partner is not allowable as deduction under Section 40(b). The court ruled that provisions relating to assessment of firms should not be construed to defeat their object. Section 40(b) prohibits deduction of amounts paid as commission to partners, and commission received by a partner from the partnership firm cannot be allowed as deduction from the firm's business income. en-us Tue, 09 Dec 1997 00:00:00 +0530 Wed, 18 Jun 2025 15:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5629 The SC held that commission paid by a partnership firm to an individual partner is not allowable as deduction under Section 40(b). The court ruled that provisions relating to assessment of firms should not be construed to defeat their object. Section 40(b) prohibits deduction of amounts paid as commission to partners, and commission received by a partner from the partnership firm cannot be allowed as deduction from the firm's business income. Case-Laws Income Tax Tue, 09 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5629