https://www.taxtmi.com/caselaws?id=437145 The Tribunal set aside the order of the Commissioner of Income Tax (Appeals) and remanded the matter to the Assessing Officer for redetermination. The Tribunal recognized a clerical error in the Tax Audit Report, emphasizing the importance of accurate financial statements. The decision aimed to uphold natural justice principles and ensure the Assessee's right to present correct information on partner remuneration under Section 40(b) of the Income Tax Act. The Assessee's appeal was allowed for statistical purposes. en-us Wed, 26 Apr 2023 00:00:00 +0530 Fri, 28 Apr 2023 08:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437145 The Tribunal set aside the order of the Commissioner of Income Tax (Appeals) and remanded the matter to the Assessing Officer for redetermination. The Tribunal recognized a clerical error in the Tax Audit Report, emphasizing the importance of accurate financial statements. The decision aimed to uphold natural justice principles and ensure the Assessee's right to present correct information on partner remuneration under Section 40(b) of the Income Tax Act. The Assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437145