https://www.taxtmi.com/caselaws?id=25467 The court ruled in favor of the assessee, upholding the Tribunal's decision to allow deductions for payments made to partners for professional services. It was held that section 40(b) of the Income-tax Act, 1961 did not apply to payments made to partners for services they were not obliged to provide in their capacity as partners. The court distinguished between payments made to partners in their capacity as partners and in other capacities, emphasizing that payments for services not legally required as partners are permissible deductions. en-us Tue, 30 Sep 1986 00:00:00 +0530 Thu, 28 Jan 2010 17:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25467 The court ruled in favor of the assessee, upholding the Tribunal's decision to allow deductions for payments made to partners for professional services. It was held that section 40(b) of the Income-tax Act, 1961 did not apply to payments made to partners for services they were not obliged to provide in their capacity as partners. The court distinguished between payments made to partners in their capacity as partners and in other capacities, emphasizing that payments for services not legally required as partners are permissible deductions. Case-Laws Income Tax Tue, 30 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25467