1990 (11) TMI 55 - HC - Income Tax

Summary

The High Court of Allahabad declined to answer a question regarding the exclusion of partner remuneration from firm income allocation, stating it was not relevant to the assessment of the firm. The firm had paid partners salaries, but the court found the controversy irrelevant to the firm's assessment. The court held that the question did not arise in the assessment of the firm and did not require an answer.