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2022 (12) TMI 1225 - HC - Income TaxDeduction u/s 40(b)(v) - deduction of the amount of remuneration paid to the partners - Payment of remuneration to partners not authorized by the Partnership Deed - HELD THAT:- According to the Tribunal, the appellant has to be authorized by the partnership deed and the same has to be in accordance with the terms of the partnership deed. Referring to the partnership deed constituting the appellant, Tribunal held that the partnership deed did not contain any terms for payment to the working partners. In that view of the matter, Tribunal while confirming the order of the assessing officer held that payment made to the partners amounting to Rs.1,08,000.00 is not an allowable deduction as per Section 40(b)(v) of the Act. On due consideration, we do not find any error or infirmity in the view taken by the Tribunal. No question of law, not to speak of any substantial question of law, arises from the said order of the Tribunal.Appeal is devoid of any merit and the same is accordingly dismissed.
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