https://www.taxtmi.com/caselaws?id=352997 The Tribunal allowed the partners' remuneration claimed by the assessee, citing the partnership deed's provisions and mutual agreement between the two partners. It upheld the disallowance of finance charges under section 40(a)(ia) as the entities admitted the income and paid taxes. The disallowance of payments under section 40A(2)(b) was partially confirmed, with the Tribunal deleting the balance amount due to the entities admitting a portion of the payments. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross objections, emphasizing compliance with partnership deed terms and tax obligations by income-receiving entities. en-us Fri, 22 Dec 2017 00:00:00 +0530 Mon, 25 Dec 2017 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352997 The Tribunal allowed the partners' remuneration claimed by the assessee, citing the partnership deed's provisions and mutual agreement between the two partners. It upheld the disallowance of finance charges under section 40(a)(ia) as the entities admitted the income and paid taxes. The disallowance of payments under section 40A(2)(b) was partially confirmed, with the Tribunal deleting the balance amount due to the entities admitting a portion of the payments. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross objections, emphasizing compliance with partnership deed terms and tax obligations by income-receiving entities. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352997