Salary to partner is not a charge to profit but only an appropriation of profit.

[1977] 106 ITR 292 (SC) SUPREME COURT OF INDIA Commissioner of Income Tax Vs R.M. Chidambaram Pillai H.R. KHANNA AND V.R. KRISHNA IYER, JJ. Civil Appeal Nos. 17 to 21 of 1972 NOVEMBER 17, 1976 B.B.Ahuja R.N.Sachthey, Advocates, for the Appellant. S. Swaminathan, Senior Advocate (Mrs. Saroja Gopalakrishnan, Advocate, with him), for the Respondent. JUDGMENT V.R.Krishna Iyer, J.— A fine point of law, which lends itself to subtle spinning of gossamer webs of argument, falls for decision in these appeals by certificate. Were the policy of the law been plain, the language should h...