https://www.taxtmi.com/caselaws?id=378430 The ITAT Kolkata partly allowed the appeal, remanding the issue of disallowance of advertisement charges back to the AO for fresh adjudication due to the retrospective operation of the relevant provisions. The disallowance of remuneration/commission paid to partners under Section 40(b) of the Income Tax Act was overturned, with the ITAT emphasizing that partners can draw remuneration from multiple firms if actively involved in the business. The appellant's additional grounds were allowed, resulting in the deletion of the disallowance and a partial success in the appeal. en-us Wed, 10 Apr 2019 00:00:00 +0530 Sat, 13 Apr 2019 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378430 The ITAT Kolkata partly allowed the appeal, remanding the issue of disallowance of advertisement charges back to the AO for fresh adjudication due to the retrospective operation of the relevant provisions. The disallowance of remuneration/commission paid to partners under Section 40(b) of the Income Tax Act was overturned, with the ITAT emphasizing that partners can draw remuneration from multiple firms if actively involved in the business. The appellant's additional grounds were allowed, resulting in the deletion of the disallowance and a partial success in the appeal. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378430