TMI BlogDisallowance of expenditure against the business income received from the partnership firms - the...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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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