https://www.taxtmi.com/caselaws?id=254164 The tribunal partly allowed the appeal, deleting the disallowance of Rs. 20,47,000 made under section 40(b) regarding bonus payment to the fourth partner. The tribunal found all partners were actively engaged in the business, meeting the conditions of working partners under Explanation 4 to section 40(b). The disallowance was deemed unjustified, and the tribunal directed the AO to compute interest charges consequentially. The order was pronounced on 28-02-2014. en-us Fri, 28 Feb 2014 00:00:00 +0530 Mon, 15 Dec 2014 06:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254164 The tribunal partly allowed the appeal, deleting the disallowance of Rs. 20,47,000 made under section 40(b) regarding bonus payment to the fourth partner. The tribunal found all partners were actively engaged in the business, meeting the conditions of working partners under Explanation 4 to section 40(b). The disallowance was deemed unjustified, and the tribunal directed the AO to compute interest charges consequentially. The order was pronounced on 28-02-2014. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254164