Where the partnership deed provided that the remuneration payable to partners shall not exceed the limits specified in section 40(b) but it did not provide for manner of quantification of remuneration payable to partners, then in such a situation the remuneration paid to partners was disallowable under section 40(b).
Vide (2011) 42 (I) ITCL 161 (Del-HC) Sood Brij & Associates v. Commissioner of Income Tax
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