https://www.taxtmi.com/caselaws?id=71367 The ITAT Pune-A upheld the CIT(A)'s decision allowing the deduction of salary to partners based on a partnership deed, despite it not being submitted with the return of income. The ITAT clarified that the statute does not require the quantification of salary in the partnership deed and dismissed the Revenue's appeal. Additionally, the ITAT affirmed the CIT(A)'s deletion of an addition of unsecured loans during assessment proceedings under section 147, as it was unrelated to the escapement of income, thus dismissing the Revenue's grounds on both issues. en-us Wed, 31 Dec 2008 00:00:00 +0530 Thu, 30 Nov 2023 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71367 The ITAT Pune-A upheld the CIT(A)'s decision allowing the deduction of salary to partners based on a partnership deed, despite it not being submitted with the return of income. The ITAT clarified that the statute does not require the quantification of salary in the partnership deed and dismissed the Revenue's appeal. Additionally, the ITAT affirmed the CIT(A)'s deletion of an addition of unsecured loans during assessment proceedings under section 147, as it was unrelated to the escapement of income, thus dismissing the Revenue's grounds on both issues. Case-Laws Income Tax Wed, 31 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71367