Remuneration allowable even if Partnership not specifies remuneration payable to each individual working partner

Allow ability of remuneration when partnership deed not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration In a case where the partnership deed does not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration, would the assessee-firm be entitled to deduction in respect of remuneration paid to partners? CIT Vs. Anil Hardware Store (2010) 323 ITR 0368 (HP) Relevant section: 40(b)(v) The partnership deed of the assessee firm provided that in case the book profits of...