https://www.taxtmi.com/caselaws?id=200729 The Appellate Tribunal, ITAT Ahmedabad, allowed the appeal filed by the assessee, overturning the disallowance of partners' remuneration amounting to Rs. 5,13,714. The Tribunal held that remuneration to partners should be allowed before setting off brought forward business losses, contrary to the Assessing Officer's decision. Consequently, the Tribunal directed the A.O. to delete the disallowance and ruled in favor of the assessee on 13-04-2017. en-us Thu, 13 Apr 2017 00:00:00 +0530 Thu, 19 Apr 2018 05:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200729 The Appellate Tribunal, ITAT Ahmedabad, allowed the appeal filed by the assessee, overturning the disallowance of partners' remuneration amounting to Rs. 5,13,714. The Tribunal held that remuneration to partners should be allowed before setting off brought forward business losses, contrary to the Assessing Officer's decision. Consequently, the Tribunal directed the A.O. to delete the disallowance and ruled in favor of the assessee on 13-04-2017. Case-Laws Income Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200729