https://www.taxtmi.com/caselaws?id=21028 The High Court held that "majuri" payments made to partners were considered as remuneration and disallowed under section 40(b) of the Income-tax Act, 1961. The Court emphasized that section 40(b) applies to all payments made to partners by the firm, without distinguishing between different capacities of the partner. The Court directed the Tribunal to assess the genuineness of expenses incurred by partners to determine the actual amount of remuneration subject to disallowance. The Court answered most issues against the assessee, except for one due to insufficient evidence, and the matter was referred back to the Tribunal for further examination. en-us Fri, 20 Sep 1991 00:00:00 +0530 Wed, 18 Nov 2009 16:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21028 The High Court held that "majuri" payments made to partners were considered as remuneration and disallowed under section 40(b) of the Income-tax Act, 1961. The Court emphasized that section 40(b) applies to all payments made to partners by the firm, without distinguishing between different capacities of the partner. The Court directed the Tribunal to assess the genuineness of expenses incurred by partners to determine the actual amount of remuneration subject to disallowance. The Court answered most issues against the assessee, except for one due to insufficient evidence, and the matter was referred back to the Tribunal for further examination. Case-Laws Income Tax Fri, 20 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21028