https://www.taxtmi.com/caselaws?id=213003 The High Court dismissed the appeal regarding the disallowance of remuneration to partners by the Assessing Officer. The Appellate Authority and Income Tax Appellate Tribunal upheld the decision, emphasizing that remuneration should be authorized by the partnership deed, with partners being liable to pay tax on received remuneration. The Tribunal ruled that quantification need not be explicitly stated in the deed as long as it is authorized. The High Court found no substantial legal question, relying on the lower courts' factual findings based on the partnership deed clause. en-us Wed, 11 Apr 2012 00:00:00 +0530 Thu, 03 May 2012 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213003 The High Court dismissed the appeal regarding the disallowance of remuneration to partners by the Assessing Officer. The Appellate Authority and Income Tax Appellate Tribunal upheld the decision, emphasizing that remuneration should be authorized by the partnership deed, with partners being liable to pay tax on received remuneration. The Tribunal ruled that quantification need not be explicitly stated in the deed as long as it is authorized. The High Court found no substantial legal question, relying on the lower courts' factual findings based on the partnership deed clause. Case-Laws Income Tax Wed, 11 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213003