https://www.taxtmi.com/caselaws?id=414543 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to grant relief to the assessee. The dispute centered on disallowing deductions under Section 10AA for interest on capital and remuneration to partners, interpreting partnership deed provisions, and applying Section 80IA(10). The CIT(A) supported the assessee, considering partnership deed clauses, relevant case laws, and CBDT Circular No.739 of 1996. The judgment highlighted the significance of partnership agreements in determining deductions under the Income Tax Act. en-us Mon, 01 Nov 2021 00:00:00 +0530 Tue, 09 Nov 2021 21:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414543 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to grant relief to the assessee. The dispute centered on disallowing deductions under Section 10AA for interest on capital and remuneration to partners, interpreting partnership deed provisions, and applying Section 80IA(10). The CIT(A) supported the assessee, considering partnership deed clauses, relevant case laws, and CBDT Circular No.739 of 1996. The judgment highlighted the significance of partnership agreements in determining deductions under the Income Tax Act. Case-Laws Income Tax Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414543