Case Law Details
Case Name : Aman Tandon Vs ACIT (ITAT Delhi)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Delhi
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Aman Tandon Vs ACIT (ITAT Delhi)
In the given case, the first issue raised by the assessee is relates to the disallowance of business expenses from the remuneration earned by the assessee from the partnership firm assessed as business income u/s. 28 (v) of the IT Act, 1961.
ITAT find some force in the above arguments of the Ld. Counsel for the assessee. As mentioned earlier the revenue in the preceding and subsequent years has accepted such remuneration to the employees as an allowable expend Please become a Premium member. If you are already a Premium member, login here to access the full content.
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Well summarized.
In view of this a CA partner in a CA firm can claim 44ADA (as 50% deduction is defendable in terms of these rulings)