https://www.taxtmi.com/caselaws?id=363641 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and the Assessing Officer's disallowance of remuneration paid to partners for the Assessment Year 2011-12. The Tribunal determined that the partnership deed adequately specified the method for quantifying remuneration in accordance with Section 40(b) (v) of the Income Tax Act, distinguishing this case from the Sood Brij & Associates judgment. The decision was reached after a detailed examination of the partnership deed and relevant legal principles, supporting the appellant's entitlement to the remuneration. en-us Wed, 11 Jul 2018 00:00:00 +0530 Mon, 16 Jul 2018 08:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363641 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and the Assessing Officer's disallowance of remuneration paid to partners for the Assessment Year 2011-12. The Tribunal determined that the partnership deed adequately specified the method for quantifying remuneration in accordance with Section 40(b) (v) of the Income Tax Act, distinguishing this case from the Sood Brij & Associates judgment. The decision was reached after a detailed examination of the partnership deed and relevant legal principles, supporting the appellant's entitlement to the remuneration. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363641