2012 (6) TMI 544

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....ppeal under Section 260A of the Income Tax Act is at the instance of the Revenue and is directed against order dated March 6, 2009 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench 'D' in ITA No.1722/Ahd/2008 by which the Tribunal dismissed the appeal preferred by the Revenue. 2. Being dissatisfied, the Revenue has come up with the present appeal. 3. The only point raised by the R....

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....nbsp;          (a)  any sum received under sub-section (3) of section 80DD or sub-section (3) of section 80DDA; or            (b)  any sum received under a Keyman insurance policy; or            (c)  any sum received under an insuranc....

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....s connected in any manner whatsoever with the business of the first-mentioned person." 5. After going through the Explanation given in the said section, we are of the view that partner definitely comes within the purview of the person who is connected with in any manner whatsoever with the business of the firm. 6. Apart from the aforesaid fact, it appears that the Finance Act, 1996 indicates....