https://www.taxtmi.com/caselaws?id=219221 The tribunal held that the income from compensation for shared facilities and license fees should be included in the book profit for computing partner remuneration. The tribunal directed the Assessing Officer to include the amount in the book profit and allow the remuneration as claimed by the assessee. Additionally, the tribunal agreed with the assessee's argument on maintaining consistency in assessing income and directed the Assessing Officer to provide consequential relief regarding the levy of interest under section 220(2). The alternate claim for assessing shared asset income under "Income from House Property" was rejected. en-us Fri, 07 Sep 2012 00:00:00 +0530 Wed, 06 Apr 2016 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219221 The tribunal held that the income from compensation for shared facilities and license fees should be included in the book profit for computing partner remuneration. The tribunal directed the Assessing Officer to include the amount in the book profit and allow the remuneration as claimed by the assessee. Additionally, the tribunal agreed with the assessee's argument on maintaining consistency in assessing income and directed the Assessing Officer to provide consequential relief regarding the levy of interest under section 220(2). The alternate claim for assessing shared asset income under "Income from House Property" was rejected. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219221