https://www.taxtmi.com/caselaws?id=360819 The appeal by Revenue against the cancellation of re-assessment proceedings was dismissed by the Ld.CIT(A). The primary issue was whether the remuneration paid to HUF members for services rendered in the business was allowable under Section 37(1) and not subject to certain sections of the Income Tax Act. The Ld.CIT(A) found the assessment void ab initio due to lack of approval for reopening after four years. The AO's action in reopening the assessment was deemed legally flawed, leading to the dismissal of Revenue's appeal on 18th May 2018. en-us Fri, 18 May 2018 00:00:00 +0530 Wed, 23 May 2018 07:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360819 The appeal by Revenue against the cancellation of re-assessment proceedings was dismissed by the Ld.CIT(A). The primary issue was whether the remuneration paid to HUF members for services rendered in the business was allowable under Section 37(1) and not subject to certain sections of the Income Tax Act. The Ld.CIT(A) found the assessment void ab initio due to lack of approval for reopening after four years. The AO's action in reopening the assessment was deemed legally flawed, leading to the dismissal of Revenue's appeal on 18th May 2018. Case-Laws Income Tax Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360819