https://www.taxtmi.com/caselaws?id=793740 Section 10AA deduction was considered sustainable despite partners' remuneration and interest on capital not being separately debited to the profit and loss account, because the eligible business profit remained within the deductible computation on the facts stated and the omission did not change taxable income; the disallowance was therefore unsustainable. Reassessment could not validly sustain an addition on an issue not forming part of the recorded reasons where no addition was made on the original reopening ground, and the reassessment addition on the unrecorded issue was held invalid. The Revenue's challenge therefore failed and the deletion of the addition was upheld. en-us Tue, 09 Jun 2026 00:00:00 +0530 Mon, 22 Jun 2026 12:06:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793740 Section 10AA deduction was considered sustainable despite partners' remuneration and interest on capital not being separately debited to the profit and loss account, because the eligible business profit remained within the deductible computation on the facts stated and the omission did not change taxable income; the disallowance was therefore unsustainable. Reassessment could not validly sustain an addition on an issue not forming part of the recorded reasons where no addition was made on the original reopening ground, and the reassessment addition on the unrecorded issue was held invalid. The Revenue's challenge therefore failed and the deletion of the addition was upheld. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793740