Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1995 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1995 (2) TMI 41 - RAJASTHAN HIGH COURTExtract: .......asis of the above discussions and the provisions of section 15 read with section 16 of the Income-tax Act, we are of the view that the Tribunal was not justified in allowing the standard deduction from salary received by a partner from the firm. Accordingly, we answer the question in favour of Revenue and against the assessee. No order as to costs.
|