Addition on account of sale of units - provisions of section ...

Section 40A(2)(b) of Income Tax Act not applicable just because partners are directors in related company. Overlapping roles insufficient.

January 22, 2014

Case Laws Income Tax AT

Addition on account of sale of units - provisions of section 40A(2)(b) is not attracted merely because partners of Kaypee Developers are also directors of the assessee-company. - AT

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Addition on account of sale of units - provisions of section ...

Section 40A(2)(b) of Income Tax Act not applicable just because partners are directors in related company. Overlapping roles insufficient.

January 22, 2014

Case Laws Income Tax AT

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