https://www.taxtmi.com/caselaws?id=64373 The Tribunal upheld the CIT(A)'s decision to delete the disallowance made by the AO on remuneration paid by the assessee firm to its partners. The partners were working partners, and the remuneration was found to be within the limits of s. 40(b). As s. 40(b) was invoked, s. 40A(2) did not apply, rendering the AO's disallowance unsustainable. The Revenue's appeal challenging the deletion of disallowance was dismissed. en-us Fri, 06 Mar 2009 00:00:00 +0530 Tue, 31 Jul 2012 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64373 The Tribunal upheld the CIT(A)'s decision to delete the disallowance made by the AO on remuneration paid by the assessee firm to its partners. The partners were working partners, and the remuneration was found to be within the limits of s. 40(b). As s. 40(b) was invoked, s. 40A(2) did not apply, rendering the AO's disallowance unsustainable. The Revenue's appeal challenging the deletion of disallowance was dismissed. Case-Laws Income Tax Fri, 06 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64373