https://www.taxtmi.com/caselaws?id=239887 The Tribunal upheld the CIT(A)'s decision to allow the deduction of salary/remuneration to partners under Section 40(b), finding it within permissible limits. It also ruled in favor of the assessee regarding the disallowance under Section 40(a)(ia) for not depositing TDS on time, stating that as long as TDS was deposited within the financial year, no disallowance should occur. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. The order was issued on 22-11-2013. en-us Fri, 22 Nov 2013 00:00:00 +0530 Sat, 23 Nov 2013 15:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239887 The Tribunal upheld the CIT(A)'s decision to allow the deduction of salary/remuneration to partners under Section 40(b), finding it within permissible limits. It also ruled in favor of the assessee regarding the disallowance under Section 40(a)(ia) for not depositing TDS on time, stating that as long as TDS was deposited within the financial year, no disallowance should occur. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. The order was issued on 22-11-2013. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239887