https://www.taxtmi.com/caselaws?id=33682 The High Court ruled in favor of the assessee, determining that the salary and bonus paid to partners for personal services in their individual capacity should not be disallowed under section 40(b) of the Income-tax Act, 1961. The court emphasized the distinction between individual and Hindu undivided family status for tax purposes, following the precedent set in Brij Mohan Das Laxman Das v. CIT [1997] 223 ITR 825. Payments to partners for personal services were deemed not subject to disallowance under the specified provision. en-us Mon, 09 Jul 2007 00:00:00 +0530 Thu, 04 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33682 The High Court ruled in favor of the assessee, determining that the salary and bonus paid to partners for personal services in their individual capacity should not be disallowed under section 40(b) of the Income-tax Act, 1961. The court emphasized the distinction between individual and Hindu undivided family status for tax purposes, following the precedent set in Brij Mohan Das Laxman Das v. CIT [1997] 223 ITR 825. Payments to partners for personal services were deemed not subject to disallowance under the specified provision. Case-Laws Income Tax Mon, 09 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33682