https://www.taxtmi.com/caselaws?id=374706 The Tribunal allowed the appeal filed by the assessee, a firm dealing in three-wheelers, regarding the disallowance of remuneration paid to working partners. The Tribunal held that the remuneration paid was within the limits set by the Income Tax Act and as per the partnership deed, thereby allowing it as a deduction. The decision emphasized the importance of aligning remuneration payments with the Act's provisions specified in the partnership deed, highlighting that such payments are allowable deductions despite conflicting circulars. en-us Wed, 06 Feb 2019 00:00:00 +0530 Thu, 07 Feb 2019 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374706 The Tribunal allowed the appeal filed by the assessee, a firm dealing in three-wheelers, regarding the disallowance of remuneration paid to working partners. The Tribunal held that the remuneration paid was within the limits set by the Income Tax Act and as per the partnership deed, thereby allowing it as a deduction. The decision emphasized the importance of aligning remuneration payments with the Act's provisions specified in the partnership deed, highlighting that such payments are allowable deductions despite conflicting circulars. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374706