https://www.taxtmi.com/caselaws?id=305041 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow higher remuneration to partners based on the disclosed business income during the survey. The judgment emphasized the importance of establishing a clear link between undisclosed income and business operations for determining tax treatment and entitlement to deductions under section 40(b). en-us Tue, 30 Nov 2010 00:00:00 +0530 Sat, 12 Nov 2022 13:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305041 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow higher remuneration to partners based on the disclosed business income during the survey. The judgment emphasized the importance of establishing a clear link between undisclosed income and business operations for determining tax treatment and entitlement to deductions under section 40(b). Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305041