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2003 (11) TMI 36 - MADRAS HIGH COURTWhether the Tribunal was right in holding that the remuneration paid by the assessee-firm to one of its partners who was a partner in his capacity as karta of the Hindu undivided family was not taxable in computing the total income of the assessee-firm and that the provisions of section 40(b) of the Income-tax Act are not attracted. - payment so made cannot be regarded as being items of expenditure so far as the firm is concerned - The question is answered in negative and favour of the Revenue and against the assessee.
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