https://www.taxtmi.com/caselaws?id=23184 The court ruled in favor of the assessee, allowing the deduction of interest amounts paid by a partnership firm to a partner representing his Hindu undivided family. The judgment clarified that such payments to the family, not directly to the partner, were deductible under section 40(b) of the Income-tax Act, 1961. The court emphasized the distinction between individual partners and Hindu undivided families, affirming that payments to the latter were permissible deductions. The decision underscored the complexities of assessing income tax in cases involving the dual capacity of individuals as partners and kartas of Hindu undivided families. en-us Wed, 18 Jul 1990 00:00:00 +0530 Thu, 17 Dec 2009 12:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23184 The court ruled in favor of the assessee, allowing the deduction of interest amounts paid by a partnership firm to a partner representing his Hindu undivided family. The judgment clarified that such payments to the family, not directly to the partner, were deductible under section 40(b) of the Income-tax Act, 1961. The court emphasized the distinction between individual partners and Hindu undivided families, affirming that payments to the latter were permissible deductions. The decision underscored the complexities of assessing income tax in cases involving the dual capacity of individuals as partners and kartas of Hindu undivided families. Case-Laws Income Tax Wed, 18 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23184