https://www.taxtmi.com/caselaws?id=190930 The High Court disallowed the deduction of a partner's salary under section 10(4)(b) of the Income-tax Act, stating that such payments are prohibited regardless of the profit's destination. The Court directed the Tribunal to reconsider giving a direction under section 33(5) to exclude the salary from the family's income share, emphasizing the need for a comprehensive assessment of tax liabilities. en-us Mon, 15 Feb 1965 00:00:00 +0530 Thu, 09 Mar 2017 17:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190930 The High Court disallowed the deduction of a partner's salary under section 10(4)(b) of the Income-tax Act, stating that such payments are prohibited regardless of the profit's destination. The Court directed the Tribunal to reconsider giving a direction under section 33(5) to exclude the salary from the family's income share, emphasizing the need for a comprehensive assessment of tax liabilities. Case-Laws Income Tax Mon, 15 Feb 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190930