TMI Blog2019 (8) TMI 108X X X X Extracts X X X X X X X X Extracts X X X X ..... f 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. - R/TAX APPEAL NO. 132 of 2019 - - - Dated:- 29-7-2019 - MR J. B. PARDIWALA AND MR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Appeal No.265 of 2017 dated 2nd May 2017. We may quote para-4 of the decision of this Court referred to above thus : We have heard Shri Sudhir Mehta, learned advocate appearing on behalf of the revenue. On interpretation of the partnership agreement and considering the wish of the partners reflected in the partnership deed, not to pay/charge interest on the partners c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... we are of the view that the issue is squarely covered by the aforesaid decision of this Court. 11. In our opinion, no error, not to speak of any error of law, could be said to have been committed by the Appellate Tribunal in dismissing the appeal preferred by the Revenue and thereby affirming the order passed by the CIT(A), Surat Bench at Surat. 3. In the result ..... X X X X Extracts X X X X X X X X Extracts X X X X
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