Court Rules on Consistent Accounting for Partners' Remuneration Deductions u/s 40(b)(v) of Income Tax Act. https://www.taxtmi.com/highlights?id=4689 Excessive claim of deduction of partners’ remuneration - for the purpose of Section 40(b)(v) read with Explanation there cannot be separate method of accounting for ascertaining net profit and/or book-profit - Tri en-us Sun, 05 Aug 2012 09:20:19 +0530 Sun, 05 Aug 2012 09:20:19 +0530 TaxTMI RSS Generator Court Rules on Consistent Accounting for Partners' Remuneration Deductions u/s 40(b)(v) of Income Tax Act. https://www.taxtmi.com/highlights?id=4689 Excessive claim of deduction of partners’ remuneration - for the purpose of Section 40(b)(v) read with Explanation there cannot be separate method of accounting for ascertaining net profit and/or book-profit - Tri Highlights Income Tax Sun, 05 Aug 2012 09:20:19 +0530 https://www.taxtmi.com/highlights?id=4689