https://www.taxtmi.com/caselaws?id=428167 The ITAT allowed the assessee's appeal regarding the disallowance of payment to retired partners, citing diversion of income at source by overriding title. The ITAT directed the AO to delete the disallowance, aligning with previous rulings in the assessee's favor. In the case of subscription fees disallowance, the ITAT upheld the deletion of Rs. 5,22,26,931, emphasizing the business necessity and mutuality of the payments to Deloitte Touche Tohmatsu. The Revenue's appeal was dismissed based on established precedents and detailed examinations of similar issues in prior years. en-us Tue, 30 Aug 2022 00:00:00 +0530 Sat, 24 Sep 2022 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428167 The ITAT allowed the assessee's appeal regarding the disallowance of payment to retired partners, citing diversion of income at source by overriding title. The ITAT directed the AO to delete the disallowance, aligning with previous rulings in the assessee's favor. In the case of subscription fees disallowance, the ITAT upheld the deletion of Rs. 5,22,26,931, emphasizing the business necessity and mutuality of the payments to Deloitte Touche Tohmatsu. The Revenue's appeal was dismissed based on established precedents and detailed examinations of similar issues in prior years. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428167