Rameshchandra Balachand. v. JCIT (OSD) (2025) 211 ITD 24 (Mum) (Trib.)

S.37(1): Business expenditure-Remuneration paid to partner-Maintenance of account-Allowable as deduction. [S. 153A]

Held that  the remuneration paid to partner  for maintenance of account is allowable as deduction, merely because she did not come to office on daily basis, it could not be a ground to hold that she was only a sleeping partner and, hence, not entitled to remuneration.  (AY. 2014-15 to 2020-21) 

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