https://www.taxtmi.com/caselaws?id=385668 The Tribunal upheld the CIT(A)'s decision to delete the disallowance made by the AO regarding deductions of interest on capital and remuneration to partners under Section 10AA. The partnership deed did not mandate payment of interest and remuneration, aligning with the assessee's actions. The Tribunal found the AO's disallowance erroneous and supported the CIT(A)'s ruling, dismissing the Revenue's appeals. en-us Thu, 06 Jun 2019 00:00:00 +0530 Wed, 11 Sep 2019 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385668 The Tribunal upheld the CIT(A)'s decision to delete the disallowance made by the AO regarding deductions of interest on capital and remuneration to partners under Section 10AA. The partnership deed did not mandate payment of interest and remuneration, aligning with the assessee's actions. The Tribunal found the AO's disallowance erroneous and supported the CIT(A)'s ruling, dismissing the Revenue's appeals. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385668