Remuneration not allowed if not specified in Partnership Deed

HIGH COURT OF PUNJAB AND HARYANA Sood Bhandari & Co. Vs. Central Board of Direct Taxes CWP NO. 3765 OF 1997 ITR NO. 38 OF 1999 IT APPEAL NOS. 210 TO 212 OF 2002, 116 OF 2003, 43 & 80 OF 2004 AND 315 TO 317 OF 2005 Date of Decision – OCTOBER 5, 2011 ORDER Hemant Gupta, J. – This order shall dispose of afore mentioned writ petition; one reference under Section 256(1) of the Income Tax Act, 1961 and; nine Income Tax Appeals arising out of the factum of addition in the income either on account of payment of salary or interest on their capital to partners, when...