https://www.taxtmi.com/caselaws?id=418145 The writ application succeeded, resulting in the quashing and setting aside of the Notice dated 31.03.2018 and the final order of assessment dated 25.09.2021. The Income Tax Appellate Tribunal found that the Commissioner of Income Tax (Appeals) exceeded jurisdiction in directing the assessment officer to tax remuneration/interest in the partners' hands, ruling that it was not mandatory to claim such amounts despite the partnership deed clause. Consequently, no coercive actions, including penalties, were to be taken based on the quashed final order of assessment. en-us Tue, 18 Jan 2022 00:00:00 +0530 Mon, 10 Oct 2022 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418145 The writ application succeeded, resulting in the quashing and setting aside of the Notice dated 31.03.2018 and the final order of assessment dated 25.09.2021. The Income Tax Appellate Tribunal found that the Commissioner of Income Tax (Appeals) exceeded jurisdiction in directing the assessment officer to tax remuneration/interest in the partners' hands, ruling that it was not mandatory to claim such amounts despite the partnership deed clause. Consequently, no coercive actions, including penalties, were to be taken based on the quashed final order of assessment. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418145