2007 (12) TMI 179 - HC - Income Tax

Whether the Hindu undivided family which is a partnership firm is entitled for remuneration since no individual partner is working on behalf of the partnership firm - For the assessment year 1993-94, the relief had been granted by the Tribunal to the assessee holding that a karta who is representing the HUF is entitled for remuneration under the partnership deed since revenue s appeal against that order was dismissed, impugned appeal is also liable to be dismissed

Summary

The High Court of Karnataka dismissed the Revenue's appeal challenging the entitlement of a Hindu undivided family, acting as a partnership firm, for remuneration under a partnership deed. The court noted that a previous decision had already granted relief to the assessee for a similar issue in a previous assessment year, making the current appeal unnecessary.