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Income Tax - Highlights / Catch Notes

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Interest & salary to partners disallowed - A.O. has wrongly made ...


Section 144 Error: Assessment Officer Wrongly Disallows Partner Interest and Salary, Yet Confirms Firm Status in Clause 5.

June 28, 2013

Case Laws     Income Tax     AT

Interest & salary to partners disallowed - A.O. has wrongly made assessment u/s 144 though in clause 5 of the assessment order he has taken the status as a “firm“ not as “AOP“ - AT

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