https://www.taxtmi.com/caselaws?id=61906 The Tribunal upheld the decision of the CIT(Appeals), ruling in favor of the assessee regarding the computation of deduction under section 32AB, including the share income from partnership firms, and rejecting the rectification order passed by the Assessing Officer. The Tribunal interpreted the proviso to section 32AB(1) to allow the deduction on share income from partnership firms as part of eligible business profits, emphasizing that the income from partnership firms formed part of the business income of the assessee. en-us Thu, 25 Mar 1999 00:00:00 +0530 Sat, 15 Jan 2011 19:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61906 The Tribunal upheld the decision of the CIT(Appeals), ruling in favor of the assessee regarding the computation of deduction under section 32AB, including the share income from partnership firms, and rejecting the rectification order passed by the Assessing Officer. The Tribunal interpreted the proviso to section 32AB(1) to allow the deduction on share income from partnership firms as part of eligible business profits, emphasizing that the income from partnership firms formed part of the business income of the assessee. Case-Laws Income Tax Thu, 25 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61906