https://www.taxtmi.com/caselaws?id=374718 The tribunal allowed the appeal, overturning the decision of the Ld. CIT (A) disallowing partner's remuneration under section 40(b) for AY 2014-15. The tribunal held that the partnership deed's remuneration clause aligned with section 40(b)(v) requirements, emphasizing the importance of specific remuneration provisions in the deed. It concluded that the partner's remuneration claim was justified, highlighting the necessity for harmony between the partnership deed and statutory provisions in determining deductibility, ultimately allowing the partner's remuneration deduction for the relevant assessment year. en-us Wed, 05 Dec 2018 00:00:00 +0530 Fri, 08 Feb 2019 06:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374718 The tribunal allowed the appeal, overturning the decision of the Ld. CIT (A) disallowing partner's remuneration under section 40(b) for AY 2014-15. The tribunal held that the partnership deed's remuneration clause aligned with section 40(b)(v) requirements, emphasizing the importance of specific remuneration provisions in the deed. It concluded that the partner's remuneration claim was justified, highlighting the necessity for harmony between the partnership deed and statutory provisions in determining deductibility, ultimately allowing the partner's remuneration deduction for the relevant assessment year. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374718