https://www.taxtmi.com/caselaws?id=264900 The ITAT allowed the appeal, overturning the disallowances of interest and salaries paid to partners under section 184(5) in a firm's taxable income for the assessment year 2005-06. The disallowances were initially upheld by the CIT(A) under section 144, but the ITAT found that the disallowances were incorrectly invoked as the assessment under section 144 was not due to failures specified in section 144, but rather based on dissatisfaction with the accounts under section 145(3). The ITAT granted relief to the assessee by deleting the disallowances. en-us Fri, 31 Oct 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264900 The ITAT allowed the appeal, overturning the disallowances of interest and salaries paid to partners under section 184(5) in a firm's taxable income for the assessment year 2005-06. The disallowances were initially upheld by the CIT(A) under section 144, but the ITAT found that the disallowances were incorrectly invoked as the assessment under section 144 was not due to failures specified in section 144, but rather based on dissatisfaction with the accounts under section 145(3). The ITAT granted relief to the assessee by deleting the disallowances. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264900