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2019 (6) TMI 1303 - GUJARAT HIGH COURTDeduction u/s 10AA - alleged that assessee taking undue benefit of Section 10AA by not claiming interest on the capital and remuneration to partners which resulted into increase in the exempt profit - CIT(A) held that the clause H of the Partnership Deed specifically restricts payment of Interest to Partners on their Capital as well as Remuneration to Partners - HELD THAT:- It appears that the Appellate Tribunal, while dismissing the appeal preferred by the Revenue, placed strong reliance on a decision of this Court in the case of Pr. CIT v. Alidhra Taxspin Engineers and another [2017 (5) TMI 1684 - GUJARAT HIGH COURT] . where in it was held that on interpretation of the partnership agreement and considering the wish of the partners reflected in the partnership deed, not to pay/charge interest on the partners capital and the remuneration, the learned tribunal has rightly deleted the disallowance made by the AO with respect to the deduction claimed u/s 80IB. We are of the view that the issue is squarely covered by the aforesaid decision of this Court - Appeal fails and is hereby dismissed
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