https://www.taxtmi.com/caselaws?id=39605 The court affirmed that the salary payment of Rs. 12,000 to a partner was not deductible in computing the firm's business income under section 40(b) of the Income-tax Act, 1961. It clarified that section 40(b) prohibits deductions for payments made to partners, regardless of their character as partners. The court also determined that section 40A does not override section 40(b) and upheld the Tribunal's decision to disallow the salary payment as a deduction. en-us Tue, 08 Apr 1975 00:00:00 +0530 Mon, 19 Apr 2010 11:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39605 The court affirmed that the salary payment of Rs. 12,000 to a partner was not deductible in computing the firm's business income under section 40(b) of the Income-tax Act, 1961. It clarified that section 40(b) prohibits deductions for payments made to partners, regardless of their character as partners. The court also determined that section 40A does not override section 40(b) and upheld the Tribunal's decision to disallow the salary payment as a deduction. Case-Laws Income Tax Tue, 08 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39605