https://www.taxtmi.com/caselaws?id=60459 The Tribunal allowed the appeal, directing the ITO to allow the assessee's claim for the provision made for the legal heirs of the deceased partner. The Tribunal held that the provision was valid under Section 37 of the Partnership Act, constituted an ascertained liability, and did not require a separate agreement. The decision was based on the statutory liability created by Section 37 and subsequent acceptance of the claim by the AAC for the assessment year 1978-79. en-us Thu, 30 Dec 1982 00:00:00 +0530 Wed, 05 Jan 2011 13:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60459 The Tribunal allowed the appeal, directing the ITO to allow the assessee's claim for the provision made for the legal heirs of the deceased partner. The Tribunal held that the provision was valid under Section 37 of the Partnership Act, constituted an ascertained liability, and did not require a separate agreement. The decision was based on the statutory liability created by Section 37 and subsequent acceptance of the claim by the AAC for the assessment year 1978-79. Case-Laws Income Tax Thu, 30 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60459