2014 (2) TMI 268

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....ppeal against the judgment of the Income Tax Appellate Tribunal ('the Tribunal' for short) dated 6.8.2013 raising following questions for our consideration: (A) Whether the ITAT is justified in law as well on facts in coming to the conclusion that the amendment made by Finance Act, 2010 in section 40(a)(ia) of the Income Tax applies retrospectively and thereby permissible date of payment was ex....

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.... be entertained. With respect to question B, it arose out of disallowance of Rs.17.4 lakhs (rounded off) by the Assessing Officer towards remuneration paid to the partner of the assessee firm. CIT (Appeals) however deleted the disallowance which was ultimately approved by the Tribunal. In particular, the CIT (Appeals) concluded that though initially the partnership agreement did not have a term....