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2019 (8) TMI 108 - GUJARAT HIGH COURTDeduction u/s 80IB - not to pay/charge interest on the partners capital and the remuneration - dedctiuon of higher amount - HELD 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, [2017 (5) TMI 1684 - GUJARAT HIGH COURT] wherein it was held that mere incorporation of interest on the partners’ capital and remuneration does not signify that the same are mandatory in nature. In the result, this Tax Appeal fails and is hereby dismissed.
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