Nature of expenditure - amount paid on retirement of partner - ...

Income Tax

November 8, 2023

Nature of expenditure - amount paid on retirement of partner - Allowable revenue expenditure or capital expenditure - CIT(A) without appreciating proper facts of the case went on to hold that the payment of money to the retiring partner is revenue expenditure. - Such findings cannot be accepted in the eyes of law. - AT

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Nature of expenditure - amount paid on retirement of partner - ...

Income Tax

November 8, 2023

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