https://www.taxtmi.com/caselaws?id=427635 The ITAT allowed the assessee's appeal, overturning the decisions of the CIT(A) and AO regarding the disputed remuneration paid to a partner. The ITAT found that the remuneration payment to the partner was in accordance with the Income Tax Act provisions, specifically section 40(b), as outlined in the partnership deed. The ITAT criticized the lower authorities for their erroneous disallowance and concluded that the assessee's claim for remuneration payment was valid based on the partnership deed and relevant legal provisions. en-us Fri, 26 Aug 2022 00:00:00 +0530 Tue, 13 Sep 2022 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427635 The ITAT allowed the assessee's appeal, overturning the decisions of the CIT(A) and AO regarding the disputed remuneration paid to a partner. The ITAT found that the remuneration payment to the partner was in accordance with the Income Tax Act provisions, specifically section 40(b), as outlined in the partnership deed. The ITAT criticized the lower authorities for their erroneous disallowance and concluded that the assessee's claim for remuneration payment was valid based on the partnership deed and relevant legal provisions. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427635