https://www.taxtmi.com/caselaws?id=215419 The court allowed the appeal, setting aside the orders passed by the authorities below. It held that the Tribunal erred in dismissing the appeal without a fair hearing, the issue was debatable and not suitable for rectification under Section 154, and the proper construction of Section 40(b)(v) and Explanation 3 includes income from other sources in the net profit for computing partners' remuneration. There was no order as to costs. en-us Thu, 17 May 2012 00:00:00 +0530 Wed, 08 Aug 2012 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215419 The court allowed the appeal, setting aside the orders passed by the authorities below. It held that the Tribunal erred in dismissing the appeal without a fair hearing, the issue was debatable and not suitable for rectification under Section 154, and the proper construction of Section 40(b)(v) and Explanation 3 includes income from other sources in the net profit for computing partners' remuneration. There was no order as to costs. Case-Laws Income Tax Thu, 17 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215419