https://www.taxtmi.com/caselaws?id=422075 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's appeal regarding the disallowance of excess remuneration to partners. The tribunal found the remuneration was within the authorized limit as per the partnership deed and IT Act. The appeal was deemed maintainable based on audit objections despite the tax effect being below the prescribed limit. en-us Thu, 05 May 2022 00:00:00 +0530 Sat, 07 May 2022 06:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422075 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's appeal regarding the disallowance of excess remuneration to partners. The tribunal found the remuneration was within the authorized limit as per the partnership deed and IT Act. The appeal was deemed maintainable based on audit objections despite the tax effect being below the prescribed limit. Case-Laws Income Tax Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422075