https://www.taxtmi.com/caselaws?id=292394 The Tribunal partially allowed the assessee's appeal against the Commissioner of Income Tax (Appeals) order, maintaining the business income at Rs. 14,47,620 and confirming the deduction for remuneration to partners at Rs. 1,30,000 for Assessment Year 2010-11. The Tribunal rejected the Revenue's contentions regarding income enhancement and turnover adjustment, concluding that the AO had no jurisdiction to revisit profit estimates in set-aside proceedings. The Tribunal also separately assessed income from other sources at Rs. 1,77,273, while upholding the original business income assessment. en-us Tue, 24 Dec 2019 00:00:00 +0530 Mon, 21 Dec 2020 20:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292394 The Tribunal partially allowed the assessee's appeal against the Commissioner of Income Tax (Appeals) order, maintaining the business income at Rs. 14,47,620 and confirming the deduction for remuneration to partners at Rs. 1,30,000 for Assessment Year 2010-11. The Tribunal rejected the Revenue's contentions regarding income enhancement and turnover adjustment, concluding that the AO had no jurisdiction to revisit profit estimates in set-aside proceedings. The Tribunal also separately assessed income from other sources at Rs. 1,77,273, while upholding the original business income assessment. Case-Laws Income Tax Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292394