https://www.taxtmi.com/caselaws?id=22886 The court upheld the disallowance of salary paid by an assessee-firm to a partner under section 40(b) of the Income-tax Act, ruling that the payment was made in the capacity of a partner, not as an agent of mine owners. The court emphasized the significance of contractual terms in determining the nature of payments to individuals, distinguishing between partners and agents under section 40(b). The decision favored the Department, affirming that the payment to the partner was subject to disallowance as per the Income-tax Act. en-us Mon, 10 Dec 1990 00:00:00 +0530 Tue, 15 Dec 2009 11:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22886 The court upheld the disallowance of salary paid by an assessee-firm to a partner under section 40(b) of the Income-tax Act, ruling that the payment was made in the capacity of a partner, not as an agent of mine owners. The court emphasized the significance of contractual terms in determining the nature of payments to individuals, distinguishing between partners and agents under section 40(b). The decision favored the Department, affirming that the payment to the partner was subject to disallowance as per the Income-tax Act. Case-Laws Income Tax Mon, 10 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22886