No Section 80IB deduction on Remuneration & Share of Profit from Partnership Firm

Jaideep Sharad Kotwal Vs ITO (ITAT Pune)

The issue in the present appeal relates to the eligibility of remuneration, share of profits received from partnership firm, whose profits are eligible for deduction u/s 80IB of the Act, admittedly, the assessee had received remuneration, share of profits received from partnership firm which derived his income from execution of eligible housing project u/s 80IB of the Act. The remuneration, share of profits received from the partnership firm does not take its colour from the income out of which is paid. The remun

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