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Income Tax - Highlights / Catch Notes

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Disallowance for payments in respect of remuneration and ...

Income Tax

October 4, 2015

Disallowance for payments in respect of remuneration and interest on capital paid to the partners - disallowance under section 184(5) comes into play not as a result of the assessment under section 144 but as a result of the lapses as mentioned in section 144. - AT

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