Disallowance u/s 40(b) - salary paid to partners - AO did not ...
Income Tax
January 10, 2015
Disallowance u/s 40(b) - salary paid to partners - AO did not accept the amount surrendered during the survey as income from business - when the business activity of the assessee has been accepted and no other source of income is found, then there was no justification for disallowing the salary paid to Partners - HC
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