https://www.taxtmi.com/caselaws?id=56576 The Tribunal upheld the disallowance of salaries paid to partners under section 40(b) of the Income-tax Act, stating that the capacity in which a person becomes a partner is immaterial. The disallowance of car expenses for personal use was revised to one-fourth of the total claimed amount. The setting aside of the assessment regarding interest deduction was upheld. The disallowance of traveling expenses and building repair expenses as capital expenditure was also upheld. The appeals were partly allowed with adjustments to the disallowances and assessments. en-us Thu, 27 Jan 1983 00:00:00 +0530 Sat, 04 Dec 2010 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56576 The Tribunal upheld the disallowance of salaries paid to partners under section 40(b) of the Income-tax Act, stating that the capacity in which a person becomes a partner is immaterial. The disallowance of car expenses for personal use was revised to one-fourth of the total claimed amount. The setting aside of the assessment regarding interest deduction was upheld. The disallowance of traveling expenses and building repair expenses as capital expenditure was also upheld. The appeals were partly allowed with adjustments to the disallowances and assessments. Case-Laws Income Tax Thu, 27 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56576