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2007 (7) TMI 295 - HC - Income TaxWhether section 40(b) is applicable to the amount of salary and bonus paid by the assessee-firm to its partners for their individual service as against their Hindu undivided family character - Tribunal was right in law in allowing the amount of salary and bonus paid by the firm to partners for services rendered by them on the ground of having technical qualification and expertise, though they represented their Hindu undivided family and section 40(b) was not attracted – revenue appeal dismissed
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