Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]

By Aparna. M - On October 5, 2023 11:00 am - 2 mins read
Income Tax department - remuneration of Partners - Salary Income - ITAT directs readjudication - taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT), when ruling on the appeal,  noted that the Income Tax Department had erred by classifying partners’ remuneration as salary income. Assesee,  Kiran Vasant Pawar is a consulting engineer for builders and developers and also a partner in various firms. During return assessee has shown income…

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