https://www.taxtmi.com/caselaws?id=277566 The tribunal dismissed the Revenue's appeal and allowed the cross objections of the assessee. The disallowance of payment made to retired partners and interest on TDS were both ruled in favor of the assessee. The tribunal emphasized the distinction between the application of income and compensatory nature of payments, supporting the assessee's contentions on both issues. en-us Thu, 08 Feb 2018 00:00:00 +0530 Tue, 11 Dec 2018 06:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277566 The tribunal dismissed the Revenue's appeal and allowed the cross objections of the assessee. The disallowance of payment made to retired partners and interest on TDS were both ruled in favor of the assessee. The tribunal emphasized the distinction between the application of income and compensatory nature of payments, supporting the assessee's contentions on both issues. Case-Laws Income Tax Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277566