https://www.taxtmi.com/caselaws?id=361266 The appellant's challenge to the initiation of proceedings under Section 147 was dismissed by the Tribunal. However, the Tribunal agreed that remuneration and interest from a partnership firm should be treated as business income. The Tribunal allowed the appellant's claimed expenses under different heads related to business income. The Tribunal directed the Assessing Officer to calculate interest under sections 234A and 234B according to High Court precedent. The appeal was partly allowed for statistical purposes by the Tribunal. en-us Wed, 30 May 2018 00:00:00 +0530 Sat, 02 Jun 2018 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361266 The appellant's challenge to the initiation of proceedings under Section 147 was dismissed by the Tribunal. However, the Tribunal agreed that remuneration and interest from a partnership firm should be treated as business income. The Tribunal allowed the appellant's claimed expenses under different heads related to business income. The Tribunal directed the Assessing Officer to calculate interest under sections 234A and 234B according to High Court precedent. The appeal was partly allowed for statistical purposes by the Tribunal. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361266