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2022 (1) TMI 1039 - ITAT DELHIDisallowing the partners remuneration u/s. 40(b) - rejecting the explanation and evidences brought on record by the assessee to prove the genuineness of the partner remuneration - HELD THAT:- In the present case, admittedly the AO has reproduced the clause into the Partnership Deed as per that clause it was envisaged that either of the partners will be entitled to draw monthly remuneration, if decided by both the partners or the amounts shall be decided from time to time in writing. The assessee has not placed any material suggesting that the partners had decided in writing about the remuneration paid to the partners. In the absence of such writing, we do not see any reason to interfere in the decision of the authorities below. Therefore, ground raised by the assessee is dismissed.
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