Increase in book profit of partnership firm in case of survey
whether that additional income declared during survey proceding form part of book profit? Whether the remuneration be calimed on such additional income? whether during the survey proceeding the AO can take undertaking from partners that they will not claim remuneration on additional income declared?
If the income is related to business and added by officer as business income, partners remuneration can be claimed (Om Terrace, Surat vs Department Of Income Tax on 19 April, 2012).
If the income is not related to business, than no deductions can be made, as IT Act does not provisions for classification of income disclosed in survey.
AO will not take undertaking from partners.
and Partner can revise their Return of Income and Can claim Additional Remuneration.