Payment to Partners for Specific Services::

Last updated: 29 May 2008

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Court :
HC

Brief :
Held that the disallowances under section 40(b) cannot be made for the specific services rendered by the partner which are not in the capacity of partner

Citation :
CIT Vs. Rajam Ramaswamy And Sons 06/27/2006 [2008] 298 ITR 325(Madras)

Payment to Partners for Specific Services CIT Vs. Rajam Ramaswamy And Sons 06/27/2006 [2008] 298 ITR 325(Madras) Case Fact: Payments made to partners for specific services. Decision: Held that the disallowances under section 40(b) cannot be made for the specific services rendered by the partner which are not in the capacity of partner

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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