Unexplained amount deposited in the accounts of the partners was ...

Cash Deposits in Partners' Accounts Identified as Firm's; No Interest Obligation on Assessee Firm for These Funds.

October 6, 2016

Case Laws Income Tax AT

Unexplained amount deposited in the accounts of the partners was the cash deposit of the assessee firm, therefore, merely deposit of the said amount in the accounts of the partners, do not make the assessee liable to pay the interest to its partners on its own money - AT

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Unexplained amount deposited in the accounts of the partners was ...

Cash Deposits in Partners' Accounts Identified as Firm's; No Interest Obligation on Assessee Firm for These Funds.

October 6, 2016

Case Laws Income Tax AT

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