https://www.taxtmi.com/caselaws?id=409956 The Tribunal partly allowed the appeals, ruling in favor of the assessee regarding the disallowance of remuneration to partners, as it was within prescribed limits and genuine. However, the disallowance of advertisement expenses was upheld due to lack of evidence supporting business purposes. The Tribunal emphasized adherence to Section 40(b) for partners' remuneration and the requirement of verifiable evidence for claimed expenses. en-us Thu, 15 Jul 2021 00:00:00 +0530 Wed, 21 Jul 2021 10:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409956 The Tribunal partly allowed the appeals, ruling in favor of the assessee regarding the disallowance of remuneration to partners, as it was within prescribed limits and genuine. However, the disallowance of advertisement expenses was upheld due to lack of evidence supporting business purposes. The Tribunal emphasized adherence to Section 40(b) for partners' remuneration and the requirement of verifiable evidence for claimed expenses. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409956