https://www.taxtmi.com/caselaws?id=58730 Failure to file objections to a draft assessment order under section 144B did not, on this analysis, extinguish the statutory right of appeal under section 246, because the draft procedure was treated as a procedural safeguard and not an implied waiver of appellate rights. A genuine post-retirement payment to a retired partner for services connected with film completion and censor clearance was treated as part of the cost of production, so amortisation was allowable. On those facts, section 40(b) did not apply because the payment was not regarded as partner remuneration. en-us Mon, 24 May 1982 00:00:00 +0530 Tue, 21 Dec 2010 17:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58730 Failure to file objections to a draft assessment order under section 144B did not, on this analysis, extinguish the statutory right of appeal under section 246, because the draft procedure was treated as a procedural safeguard and not an implied waiver of appellate rights. A genuine post-retirement payment to a retired partner for services connected with film completion and censor clearance was treated as part of the cost of production, so amortisation was allowable. On those facts, section 40(b) did not apply because the payment was not regarded as partner remuneration. Case-Laws Income Tax Mon, 24 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58730