S. 40(b)(v) : Amounts not deductible – Partner – Remuneration – Interest earned on investment of surplus money is not part of business income for computing the remuneration to partners – Disallowance was held to be justified .[ S.56 ]
CIT v. Allen Career Institute. (2018) 403 ITR 375 / 161 DTR 321 (Raj) (HC)