TMI BlogDisallowance of remuneration paid by the assessee to its Working Partner u/s 40A(3) - Cash payment of...Disallowance of remuneration paid by the assessee to its Working Partner u/s 40A(3) - Cash payment of expenditure in excess of specified limit - Scope of separate identity for the firm and its partners - As section 40A is a general provision and section 40(b) is a special provision and only in situation which are not covered by section 40(b), section 40A shall be applicable. In the present case, assessee being a partnership firm and section 40(b) being the special provision dealing with computat..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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