Disallowance of expenditure against the business income received ...

Partnership Income Not Business Activity: Expense Claims Disallowed for Partners Not Actively Conducting Business.

November 27, 2019

Case Laws Income Tax AT

Disallowance of expenditure against the business income received from the partnership firms - the assessee on becoming a partner in the firm does not mean that he is carrying out any business activity - the question of claiming the expenses against the income received from the firm does not arise.

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Disallowance of expenditure against the business income received ...

Partnership Income Not Business Activity: Expense Claims Disallowed for Partners Not Actively Conducting Business.

November 27, 2019

Case Laws Income Tax AT

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