TMI BlogDisallowance u/s 40A(2)(b) - huge salary paid to partner - it is not that the said person was taxed at a...Disallowance u/s 40A(2)(b) - huge salary paid to partner - it is not that the said person was taxed at a lower rate than that of the assessee-firm - the AO could not substitute the wisdom of the partners of the firm to hold that the salary was excessive and unreasonable - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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