Held that the share of profit earned by the assessee from the firm SPC was exempt under section 10(2A) of the Act and it could not be added to the total income of the assessee. Addition was deleted. (AY. 2016-17)
Aarthi Rathi (Ms.) v. ITO(IT) (2022) 98 ITR 16 (SN) (Hyd.)(Trib.)
S. 10(2A) : Share income of partner-Cannot be added as taxable income.