https://www.taxtmi.com/caselaws?id=23995 The High Court upheld the disallowance of a partnership firm's deduction for salary paid to partners under section 40(b) of the Income-tax Act, 1961, for the assessment year 1974-75. The court clarified that sections 40(b) and 40A operate in different fields, with section 40 having precedence over other provisions for deductions. The court ruled in favor of the Revenue, affirming the disallowance of the entire salary amount and denying any costs in the case. en-us Thu, 18 May 1989 00:00:00 +0530 Fri, 15 Jan 2010 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23995 The High Court upheld the disallowance of a partnership firm's deduction for salary paid to partners under section 40(b) of the Income-tax Act, 1961, for the assessment year 1974-75. The court clarified that sections 40(b) and 40A operate in different fields, with section 40 having precedence over other provisions for deductions. The court ruled in favor of the Revenue, affirming the disallowance of the entire salary amount and denying any costs in the case. Case-Laws Income Tax Thu, 18 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23995