https://www.taxtmi.com/caselaws?id=777955 ITAT PUNE - AT deleted the disallowance of business expenses, holding that a partnership firm may pay partner remuneration in cash and that the payments were within limits under s.40A(b)(v) and in accordance with the partnership deed. The tribunal found no doubt as to genuineness, noted books were maintained and not rejected, gross receipts and profits supported the payments, and the AO erred in disallowing amounts solely because they were paid in cash. en-us Wed, 03 Sep 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777955 ITAT PUNE - AT deleted the disallowance of business expenses, holding that a partnership firm may pay partner remuneration in cash and that the payments were within limits under s.40A(b)(v) and in accordance with the partnership deed. The tribunal found no doubt as to genuineness, noted books were maintained and not rejected, gross receipts and profits supported the payments, and the AO erred in disallowing amounts solely because they were paid in cash. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777955