https://www.taxtmi.com/caselaws?id=19052 The court ruled against the assessee, holding that the salary received by a partner from a partnership-firm does not qualify for standard deduction under section 16(1) of the Income-tax Act. The court emphasized the absence of an employer-employee relationship in the partnership context, highlighting that the payment of salary to a partner represents a share of profits rather than traditional employment income. The decision underscored the unique nature of the partner-firm relationship, rejecting the Tribunal's allowance of standard deduction and aligning with established legal principles and precedents. en-us Fri, 10 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 16:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19052 The court ruled against the assessee, holding that the salary received by a partner from a partnership-firm does not qualify for standard deduction under section 16(1) of the Income-tax Act. The court emphasized the absence of an employer-employee relationship in the partnership context, highlighting that the payment of salary to a partner represents a share of profits rather than traditional employment income. The decision underscored the unique nature of the partner-firm relationship, rejecting the Tribunal's allowance of standard deduction and aligning with established legal principles and precedents. Case-Laws Income Tax Fri, 10 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19052