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![Clerical Error in Partnership Deed Not a Ground to Disallow Partner’s Remuneration: ITAT Sets Aside ₹31.30 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/03/17/2129454-clerical-error-partnership-deed-not-ground-disallow-partners-remuneration-itat-sets-aside-disallowance.webp "Clerical Error in Partnership Deed Not a Ground to Disallow Partner’s Remuneration: ITAT Sets Aside ₹31.30 Lakh Disallowance [Read Order]")
Clerical Error in Partnership Deed Not a Ground to Disallow Partner’s Remuneration: ITAT Sets Aside ₹31.30 Lakh Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench held that a mere clerical error or an inadvertent mistake in incorporating the updated limits...
![Partner Remuneration To Be Calculated On Book Profit After Adding Back Survey Income And Disallowances: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/2087805-partner-remuneration-book-profit-survey-income-disallowances-itat-taxscan.webp "Partner Remuneration To Be Calculated On Book Profit After Adding Back Survey Income And Disallowances: ITAT [Read Order]")
![Relief to Muthoot Bankers: ITAT Allows ₹5L Interest Deduction u/s 40(b) as Payment was within 12% Limit and Authorized by Partnership Deed [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/2055218-relief-to-muthoot-bankers-muthoot-bankers-itat-interest-deduction-taxscan.webp "Relief to Muthoot Bankers: ITAT Allows ₹5L Interest Deduction u/s 40(b) as Payment was within 12% Limit and Authorized by Partnership Deed [Read Order]")
![Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/2045458-deloitte-win-taxscan.webp "Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]")
![Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-interest-paid-to-partners-mistake-in-Tax-Audit-Report-ITAT-Readjudication-taxscan.jpg "Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]")
Remuneration Paid to Partner Exceeding the Limit specified in Deed can’t be disallowed If the Deed permits Salary Hike: ITAT [Read Order]
Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT) recently held that remuneration paid to partner cannot be disallowed since there is a clause existing in the partnership deed which...
![Remuneration Paid to Partner Exceeding the Limit specified in Deed can’t be disallowed If the Deed permits Salary Hike: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Remuneration-Taxscan.jpg "Remuneration Paid to Partner Exceeding the Limit specified in Deed can’t be disallowed If the Deed permits Salary Hike: ITAT [Read Order]")
Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]
A division bench of the Bombay High Court, in M/s Bagdi Enterprises v. ITO, Nagpur, held that a Firm can claim a deduction of salary paid to partners on amount surrendered to the department if such...
![Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]")