Dismissing the appeal of the revenue the Tribunal held that, when the partnership deed has not provided any interest or remuneration to partners , the AO cannot disallow the interest and remuneration and reduce the eligible exemption. ( AY.2014-15)
ACIT v. Mukta Enterprise. (2019) 174 ITD 259 /175 DTR 350 /198 TTJ 374 (Surat) (Trib.)
S. 10AA : Special economic zones – Interest on capital and remuneration-Partnership deed is not providing any interest- AO cannot disallow the interest and remuneration and reduce the eligible exemption .[ S.80IA ]