https://www.taxtmi.com/caselaws?id=417115 The ITAT allowed the appeal, emphasizing that the AO's reduction of the deduction u/s.80IC was unwarranted. The issue of interest payment to partners was deemed debatable and not subject to rectification under Sec.154. The judgment stressed the importance of correctly interpreting partnership deeds and the need for clear legal provisions to support tax implications. en-us Tue, 16 Nov 2021 00:00:00 +0530 Sat, 15 Jan 2022 08:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417115 The ITAT allowed the appeal, emphasizing that the AO's reduction of the deduction u/s.80IC was unwarranted. The issue of interest payment to partners was deemed debatable and not subject to rectification under Sec.154. The judgment stressed the importance of correctly interpreting partnership deeds and the need for clear legal provisions to support tax implications. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417115