https://www.taxtmi.com/caselaws?id=13120 The court held that remuneration paid to individual partners acting as Karta of their Hindu Undivided Families (HUFs) was disallowable under section 40(b) of the Income-tax Act, 1961. The partners' dual capacity was not a basis for disallowance, as the provision encompassed all payments of specified nature to any partner of the firm. The court emphasized that a firm has no distinct legal entity apart from its partners and that remuneration for services rendered was not deductible under section 40(b). The decision favored the Revenue, disallowing the claimed deductions. en-us Thu, 19 Jul 2001 00:00:00 +0530 Tue, 26 May 2009 15:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13120 The court held that remuneration paid to individual partners acting as Karta of their Hindu Undivided Families (HUFs) was disallowable under section 40(b) of the Income-tax Act, 1961. The partners' dual capacity was not a basis for disallowance, as the provision encompassed all payments of specified nature to any partner of the firm. The court emphasized that a firm has no distinct legal entity apart from its partners and that remuneration for services rendered was not deductible under section 40(b). The decision favored the Revenue, disallowing the claimed deductions. Case-Laws Income Tax Thu, 19 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13120