https://www.taxtmi.com/caselaws?id=16023 The Tribunal ruled in favor of the Revenue regarding the disallowance of commission but in favor of the assessee concerning the interest payment. The court differentiated between interest and commission payments made to a partner representing his Hindu undivided family under section 40(b) of the Income-tax Act, 1961, following the Supreme Court rulings in Suwalal Anandilal Jain v. CIT and Rashik Lal and Co. v. CIT. en-us Wed, 14 Jul 1999 00:00:00 +0530 Mon, 31 Aug 2009 15:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16023 The Tribunal ruled in favor of the Revenue regarding the disallowance of commission but in favor of the assessee concerning the interest payment. The court differentiated between interest and commission payments made to a partner representing his Hindu undivided family under section 40(b) of the Income-tax Act, 1961, following the Supreme Court rulings in Suwalal Anandilal Jain v. CIT and Rashik Lal and Co. v. CIT. Case-Laws Income Tax Wed, 14 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16023