https://www.taxtmi.com/caselaws?id=281608 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the deduction claimed under Section 80IB of the Income Tax Act. The court emphasized that the absence of provisions for interest and remuneration in the partnership agreement did not automatically disqualify the deduction. The court dismissed the revenue's appeal, stating that the ITAT's decision was justified, as the terms of the partnership agreement regarding interest and remuneration were crucial in determining the eligibility for the deduction. en-us Tue, 02 May 2017 00:00:00 +0530 Thu, 27 Jun 2019 07:30:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281608 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the deduction claimed under Section 80IB of the Income Tax Act. The court emphasized that the absence of provisions for interest and remuneration in the partnership agreement did not automatically disqualify the deduction. The court dismissed the revenue's appeal, stating that the ITAT's decision was justified, as the terms of the partnership agreement regarding interest and remuneration were crucial in determining the eligibility for the deduction. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281608