https://www.taxtmi.com/caselaws?id=58664 The Tribunal held that the appeal was maintainable under Section 246 even though no objections were filed to the draft assessment order under Section 144B. It found the remuneration of Rs. 10 lakhs paid to a retired partner for post-retirement services to be legitimate and reasonable, justifying its inclusion in the film's cost for amortization. Additionally, the Tribunal ruled that Section 40(b) did not apply to the remuneration as it was for services rendered after retirement. The Tribunal upheld the Commissioner (Appeals) order and dismissed the revenue's appeal. en-us Mon, 24 May 1982 00:00:00 +0530 Tue, 21 Dec 2010 13:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58664 The Tribunal held that the appeal was maintainable under Section 246 even though no objections were filed to the draft assessment order under Section 144B. It found the remuneration of Rs. 10 lakhs paid to a retired partner for post-retirement services to be legitimate and reasonable, justifying its inclusion in the film's cost for amortization. Additionally, the Tribunal ruled that Section 40(b) did not apply to the remuneration as it was for services rendered after retirement. The Tribunal upheld the Commissioner (Appeals) order and dismissed the revenue's appeal. Case-Laws Income Tax Mon, 24 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58664