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Revision u/s 263 by CIT - remuneration paid to its working ...


CIT's Revision u/s 263 Challenged: No Full-Time Requirement for Working Partners in Assessee Firm.

July 28, 2022

Case Laws     Income Tax     AT

Revision u/s 263 by CIT - remuneration paid to its working partners - such partners of the assessee firm is engaged in full time teaching profession - there is no bar under the law that the working partner should be full time working partner - initiation of proceedings u/s 263 is not valid on this count. - AT

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