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2018 (6) TMI 215 - ITAT AHMEDABADDisallowance u/s 40(b) - remuneration paid to the partners in excess to the amount eligible - enhancement in the remuneration by amendment in the Partnership Deed through supplementary deed - Held that:- Assessee in its supplementary partnership deed has clearly mentioned that the amended provisions of Section 40(b) will be applied as applicable for determination of remuneration - also following the judgment of CIT vs. Anil Hardware Store [2009 (9) TMI 15 - HIMACHAL PRADESH HIGH COURT] as held the assessee has determined the remuneration payable to the partners as per the provisions of Section 40(b) of the Act - we held that the assessee-firm is entitled to deduct the remuneration paid to the partners under section 40(b)( v) - Decided in favor of assessee.
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