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![ITAT quashes Addition of Rs. 179 Cr, Holds Share of Profit from LLP is Exempt [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Share-of-Profit-LLP-Quashes-Addition-taxscan.jpg "ITAT quashes Addition of Rs. 179 Cr, Holds Share of Profit from LLP is Exempt [Read Order]")
ITAT quashes Addition of Rs. 179 Cr, Holds Share of Profit from LLP is Exempt [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, dismissed the appeal filed by the Income Tax Department by Quashing the...
![Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Remuneration-Profit-Salary-Expenditure-ITAT-Taxscan.jpeg "Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT [Read Order]")
![ITAT allows Exemption to Partner’s Share of Profit relying on Partnership Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Exemption-Share-of-Profit-Partnership-Deed-taxscan.jpeg "ITAT allows Exemption to Partner’s Share of Profit relying on Partnership Deed [Read Order]")
![ITAT Explains the Law on Exemption for Partners’ Share of Profit in the Income of the Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "ITAT Explains the Law on Exemption for Partners’ Share of Profit in the Income of the Firm [Read Order]")