https://www.taxtmi.com/caselaws?id=182267 Interest on capital and remuneration mentioned in an enabling partnership deed could not be taxed in the partner's hands where no such amounts were in fact provided, received, or accrued. Section 80IA(10) read with section 80IB(13) permits recomputation of eligible business profits for deduction purposes when profits are inflated, but it does not authorise addition of notional income in the hands of a person who never received or became entitled to it. On these facts, the addition was unjustified and the Revenue's challenge failed. en-us Tue, 14 Jun 2011 00:00:00 +0530 Fri, 21 Apr 2023 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182267 Interest on capital and remuneration mentioned in an enabling partnership deed could not be taxed in the partner's hands where no such amounts were in fact provided, received, or accrued. Section 80IA(10) read with section 80IB(13) permits recomputation of eligible business profits for deduction purposes when profits are inflated, but it does not authorise addition of notional income in the hands of a person who never received or became entitled to it. On these facts, the addition was unjustified and the Revenue's challenge failed. Case-Laws Income Tax Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182267