https://www.taxtmi.com/caselaws?id=28119 The High Court of Karnataka ruled in favor of the assessee, finding that there was an implied agreement between the karta of the Hindu undivided family (HUF) and other family members for the payment of remuneration. The court held that such an agreement could be inferred from the parties' conduct, even if not in writing. The decision emphasized the necessity of considering past practices and the family's business interests in determining a reasonable remuneration amount. The court rejected the Revenue's argument of lack of evidence of consultation between family members and allowed the deduction claimed by the HUF for remuneration. en-us Mon, 26 Mar 1984 00:00:00 +0530 Fri, 19 Feb 2010 11:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28119 The High Court of Karnataka ruled in favor of the assessee, finding that there was an implied agreement between the karta of the Hindu undivided family (HUF) and other family members for the payment of remuneration. The court held that such an agreement could be inferred from the parties' conduct, even if not in writing. The decision emphasized the necessity of considering past practices and the family's business interests in determining a reasonable remuneration amount. The court rejected the Revenue's argument of lack of evidence of consultation between family members and allowed the deduction claimed by the HUF for remuneration. Case-Laws Income Tax Mon, 26 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28119