https://www.taxtmi.com/caselaws?id=174107 The ITAT allowed the appeal of the assessee, ruling that interest income included in the net profit and taxed as business income should be reduced for calculating remuneration payable to partners under section 40(b). The excess remuneration disallowed by the A.O. was deleted, and the appeal was allowed in favor of the assessee. en-us Fri, 07 Sep 2012 00:00:00 +0530 Wed, 30 Sep 2015 11:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174107 The ITAT allowed the appeal of the assessee, ruling that interest income included in the net profit and taxed as business income should be reduced for calculating remuneration payable to partners under section 40(b). The excess remuneration disallowed by the A.O. was deleted, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174107