Firm's Status Not as Association of Persons; Claim on Interest and Remuneration to Partners Allowed u/s 40(b.

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....Disallowance on claim made u/s 40(b) - whether status of the firm has to be treated as Association of Persons and thus the claim of expenses on interest and remuneration to partners has to be disallowed - Held No - it is never stated that the parties were representing any Trust or HUF....