https://www.taxtmi.com/caselaws?id=55715 The Tribunal held that the Assessing Officer had no authority to question the reasonableness of remuneration paid within prescribed limits to working partners as per the partnership deed. The partnership agreement was found valid and in compliance with the Income-tax Act, allowing remuneration at the maximum permissible rate. Therefore, the disallowance of excess remuneration was deemed unjustified, and the Tribunal directed the AO to allow the deduction of remuneration as claimed, ultimately allowing the assessee's appeal. en-us Thu, 25 May 2000 00:00:00 +0530 Mon, 29 Nov 2010 16:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55715 The Tribunal held that the Assessing Officer had no authority to question the reasonableness of remuneration paid within prescribed limits to working partners as per the partnership deed. The partnership agreement was found valid and in compliance with the Income-tax Act, allowing remuneration at the maximum permissible rate. Therefore, the disallowance of excess remuneration was deemed unjustified, and the Tribunal directed the AO to allow the deduction of remuneration as claimed, ultimately allowing the assessee's appeal. Case-Laws Income Tax Thu, 25 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55715