Business Expenses Allowable from Partner’s Remuneration Income: ITAT Delhi

Atul Kumar Gupta Vs ITO (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi Bench delivered its decision in an appeal filed by a Chartered Accountant challenging the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, dated 30 March 2025, for Assessment Year 2018–19. The central issue before the Tribunal was whether a partner in a firm can claim deduction of business-related expenses from the salary or remuneration received from the partnership firm. The assessee, a partner in M/s A.P.R.A. & Associates LLP, had received ₹24,00,000 as remuneration fro...