https://www.taxtmi.com/caselaws?id=165236 The Tribunal allowed the appeal, stating that interest income of Rs.1,56,65,189/- must be included in books profit for calculating remuneration to working partners under Section 40(b). The Tribunal rejected the exclusion of interest income from net profit for determining allowable deduction of remuneration to partners, in line with decisions from various ITAT Benches. The decision was rendered on 1st September 2010. en-us Wed, 01 Sep 2010 00:00:00 +0530 Sat, 31 May 2014 17:25:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165236 The Tribunal allowed the appeal, stating that interest income of Rs.1,56,65,189/- must be included in books profit for calculating remuneration to working partners under Section 40(b). The Tribunal rejected the exclusion of interest income from net profit for determining allowable deduction of remuneration to partners, in line with decisions from various ITAT Benches. The decision was rendered on 1st September 2010. Case-Laws Income Tax Wed, 01 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165236