https://www.taxtmi.com/caselaws?id=297910 The Tribunal rejected the appeal on the disallowance of interest and salaries paid to partners without notice under section 251(2) as no enhancement was made by the CIT (A). The deduction for interest and salary paid to partners was disallowed due to the absence of supporting documents, upheld by the Tribunal. Regarding the addition of fresh capital by new partners, the matter was remanded back to the AO for further review. The credit of TDS allowed at a lesser amount was directed to be reconsidered by the AO, leading to the appeal being partly allowed for statistical purposes. en-us Mon, 31 Aug 2015 00:00:00 +0530 Thu, 30 Sep 2021 10:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297910 The Tribunal rejected the appeal on the disallowance of interest and salaries paid to partners without notice under section 251(2) as no enhancement was made by the CIT (A). The deduction for interest and salary paid to partners was disallowed due to the absence of supporting documents, upheld by the Tribunal. Regarding the addition of fresh capital by new partners, the matter was remanded back to the AO for further review. The credit of TDS allowed at a lesser amount was directed to be reconsidered by the AO, leading to the appeal being partly allowed for statistical purposes. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297910