https://www.taxtmi.com/caselaws?id=28038 The Court held that the deduction of salary paid to the karta for managing the family business relating to partnership firms was admissible under section 37 of the Income Tax Act. The Tribunal was granted discretion to assess the actual deductible amount based on the case's circumstances. The Court referred to relevant case law establishing that such payments are permissible if bona fide, not excessive, and justified by commercial expediency. en-us Thu, 02 Feb 1984 00:00:00 +0530 Wed, 17 Feb 2010 14:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28038 The Court held that the deduction of salary paid to the karta for managing the family business relating to partnership firms was admissible under section 37 of the Income Tax Act. The Tribunal was granted discretion to assess the actual deductible amount based on the case's circumstances. The Court referred to relevant case law establishing that such payments are permissible if bona fide, not excessive, and justified by commercial expediency. Case-Laws Income Tax Thu, 02 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28038