https://www.taxtmi.com/caselaws?id=448289 ITAT Surat allowed the assessee's appeal regarding disallowance under Section 10AA. The AO had disallowed portions of the claim, arguing the assessee did not charge interest on capital contribution and partner remuneration, thereby restricting the deduction. The tribunal examined the supplementary partnership deed and found the assessee's grounds covered in their favor. The disallowance of interest on capital and remuneration from allowable profit under Section 10AA was deleted, with the AO directed to allow full relief. en-us Mon, 18 Sep 2023 00:00:00 +0530 Tue, 16 Jan 2024 08:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448289 ITAT Surat allowed the assessee's appeal regarding disallowance under Section 10AA. The AO had disallowed portions of the claim, arguing the assessee did not charge interest on capital contribution and partner remuneration, thereby restricting the deduction. The tribunal examined the supplementary partnership deed and found the assessee's grounds covered in their favor. The disallowance of interest on capital and remuneration from allowable profit under Section 10AA was deleted, with the AO directed to allow full relief. Case-Laws Income Tax Mon, 18 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448289