2015 (5) TMI 1193

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....by the assessee emanates from the order of the learned CIT(A)-I, dated 1.8.2014. The ground of appeal reads as under :- "1. The learned CIT(A), Ujjain, has erred in confirming the addition of Rs. 1,49,052/- made by the learned Assessing Officer towards estimation of income of the assessee even after placing all materials before him. 2. The assessee is a partnership firm deriving ....

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....course of survey, therefore, whatever income declared was business income and as per the terms of partnership deed, the partners were entitled to higher remuneration on enhanced income. Therefore, the revenue authorities were not justified in making addition by not allowing remuneration to partners as per section 40(b)(v) of the Act. 5. I have heard both the sides. The amount of Rs. 4 lacs disc....