https://www.taxtmi.com/caselaws?id=22436 The referred question on excluding partners' remuneration from allocation of the firm's income did not arise in the assessment of the assessee-firm. The controversy concerned the treatment of salary paid to some partners in the hands of the partners or the karta of a Hindu undivided family, not the firm's own assessment. Any issue about disallowance under section 40(b) of the Income-tax Act, 1961, or the manner of assessment in the partners' hands was outside the scope of the question referred. The Court therefore declined to answer the reference as framed. en-us Mon, 26 Nov 1990 00:00:00 +0530 Thu, 10 Dec 2009 11:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22436 The referred question on excluding partners' remuneration from allocation of the firm's income did not arise in the assessment of the assessee-firm. The controversy concerned the treatment of salary paid to some partners in the hands of the partners or the karta of a Hindu undivided family, not the firm's own assessment. Any issue about disallowance under section 40(b) of the Income-tax Act, 1961, or the manner of assessment in the partners' hands was outside the scope of the question referred. The Court therefore declined to answer the reference as framed. Case-Laws Income Tax Mon, 26 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22436