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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Brought forward losses of firm - covered u/s 187 OR u/s. 78 - ...

Income Tax

January 22, 2016

Brought forward losses of firm - covered u/s 187 OR u/s. 78 - change in the terms and conditions of the partnership - the reconstitution of the partnership was made only as a result of changes in the profit sharing ratio amongst the partners - CIT(A) has rightly allowed carry forward losses to be set off, as claimed by the assessee - AT

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