2013 (2) TMI 872 - HC - Income Tax

Summary

The Bombay High Court considered an appeal by the revenue for assessment year 2002-03. Questions raised included the allowance of payments made to ex-partners/spouses of deceased partners and the inclusion of income from sources unrelated to the business in book profit for partner remuneration. The Court did not entertain question (a) due to a previous ruling in favor of the assessee. The appeal was admitted on question (b). (Case Citation: 2013 (2) TMI 872 - BOMBAY HIGH COURT)