Assessment as a firm

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..... ument of partnership referred to in sub-section (1) shall accompany the return of income of the firm of the previous year relevant to the assessment year commencing on or after the 1st day of April, 1993 in respect of which assessment as a firm is first sought. Explanation. -For the purposes of this sub-section, the copy of the instrument of partnership shall be certified in writing by all the .....

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..... t to such previous year and all the provisions of this section shall apply accordingly. 2 [(5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessment year, there is on the part of a firm any such failure as is mentioned in section 144, the firm shall be so assessed that no deduction by way of any payment of interest, salary, bonus, commissi .....

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..... 1987, w.e.f. 1-4-1988/1-4-1989, the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989 and the Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-4-1989. 2. Substituted by the Finance Act, 2003, w.e.f. 1-4-2004. Prior to its substitution, sub-section (5) read as under: (5) Notwithstanding anything contained in the foregoing provisions of this section, where, in respect of any ass .....

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