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2016 (12) TMI 107 - ITAT PUNEDisallowance of remuneration computed appellant u/s 40(b) - Held that:- The assessee during the course of survey is to be assessed as ‘business income’ and the assessee is entitled to the claim of remuneration as interest in capital under the provisions of section 40(b) of the Act on such additional income. The Assessing Officer is directed to re-compute the income in the hands of assessee. Hence, the grounds of appeal and additional ground of appeal raised are decided in favour of assessee.
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