https://www.taxtmi.com/caselaws?id=23570 Payments made under a fresh partnership deed on reconstitution, including amounts paid to an outgoing partner and three minors, were examined for their character as revenue deduction or capital disbursement, with the added issue of whether Delhi Rent Control Act limits affected their treatment. The High Court did not decide the merits; instead, it held that the controversy turned on construction of the partnership instruments and the rent-control implications, and directed the Tribunal to state a case and refer the question whether the amounts paid were allowable as a revenue deduction. The petition was disposed of with no order as to costs. en-us Mon, 15 Jan 1990 00:00:00 +0530 Mon, 21 Dec 2009 18:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23570 Payments made under a fresh partnership deed on reconstitution, including amounts paid to an outgoing partner and three minors, were examined for their character as revenue deduction or capital disbursement, with the added issue of whether Delhi Rent Control Act limits affected their treatment. The High Court did not decide the merits; instead, it held that the controversy turned on construction of the partnership instruments and the rent-control implications, and directed the Tribunal to state a case and refer the question whether the amounts paid were allowable as a revenue deduction. The petition was disposed of with no order as to costs. Case-Laws Income Tax Mon, 15 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23570