Remuneration to partners has to be computed on the basis of the ...

Partner Remuneration Must Align with Declared Book Profit; No Increase Allowed for Assessment Additions u/s 40(b).

November 5, 2011

Case Laws Income Tax AT

Remuneration to partners has to be computed on the basis of the book profit declared by the assessee subject to the conditions prescribed u/s. 40(b) of the Act - Enhanced remuneration to partners cannot be allowed on the basis of any addition/disallowance made in the assessment order .... - AT

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Remuneration to partners has to be computed on the basis of the ...

Partner Remuneration Must Align with Declared Book Profit; No Increase Allowed for Assessment Additions u/s 40(b).

November 5, 2011

Case Laws Income Tax AT

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