https://www.taxtmi.com/caselaws?id=30677 The Court held that interest and remuneration paid to partners, deductible under Section 40(b) of the Income Tax Act, should not be included in Gross Total Income for the purpose of deduction under Section 80HH. The Court distinguished a prior judgment, noting the amendment in Section 40(b) by the Finance Act, 1992. Consequently, the appeals were dismissed, affirming the Tribunal's decision, with no costs imposed. en-us Tue, 12 Jun 2007 00:00:00 +0530 Mon, 15 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30677 The Court held that interest and remuneration paid to partners, deductible under Section 40(b) of the Income Tax Act, should not be included in Gross Total Income for the purpose of deduction under Section 80HH. The Court distinguished a prior judgment, noting the amendment in Section 40(b) by the Finance Act, 1992. Consequently, the appeals were dismissed, affirming the Tribunal's decision, with no costs imposed. Case-Laws Income Tax Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30677