https://www.taxtmi.com/caselaws?id=38343 A partner's share of firm profits is business income in his hands, and expenses incurred on grounds of commercial expediency to earn that income are deductible. The discussion states that motor car, entertainment, studio, books and related expenses, together with depreciation on the motor car, were connected with the assessee's architectural practice and were agreed to be borne by the partners. Their absence from the firm's accounts did not justify disallowance. The Tribunal's rejection of the deductions on the footing that they were not incurred for earning the partner's share of profits was therefore incorrect, and the claim was treated as allowable. en-us Tue, 15 Nov 1977 00:00:00 +0530 Mon, 05 Apr 2010 16:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38343 A partner's share of firm profits is business income in his hands, and expenses incurred on grounds of commercial expediency to earn that income are deductible. The discussion states that motor car, entertainment, studio, books and related expenses, together with depreciation on the motor car, were connected with the assessee's architectural practice and were agreed to be borne by the partners. Their absence from the firm's accounts did not justify disallowance. The Tribunal's rejection of the deductions on the footing that they were not incurred for earning the partner's share of profits was therefore incorrect, and the claim was treated as allowable. Case-Laws Income Tax Tue, 15 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38343