https://www.taxtmi.com/caselaws?id=432517 The Tribunal dismissed the Revenue's appeal and upheld the decision in favor of the assessee regarding the disallowance of remuneration paid to the retiring partner. The judgment provided a comprehensive interpretation of the partnership deed, the provisions of section 40(b) of the IT Act, and the principles governing the calculation and allocation of partner remuneration in a partnership firm. en-us Fri, 11 Nov 2022 00:00:00 +0530 Sat, 07 Jan 2023 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432517 The Tribunal dismissed the Revenue's appeal and upheld the decision in favor of the assessee regarding the disallowance of remuneration paid to the retiring partner. The judgment provided a comprehensive interpretation of the partnership deed, the provisions of section 40(b) of the IT Act, and the principles governing the calculation and allocation of partner remuneration in a partnership firm. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432517