Deduction in the hands of firm or partner - in an emergency for ...

High Court Rules: Firm's Emergency Expense Deductions Not Allowed for Individual Partners; Must Be Firm-Assessed.

July 27, 2013

Case Laws Income Tax HC

Deduction in the hands of firm or partner - in an emergency for the purpose of protecting the firm from loss, as would be done by a person of ordinary prudence, in his own case, under similar circumstances - deduction can not be allowed in individual capacity - HC

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Deduction in the hands of firm or partner - in an emergency for ...

High Court Rules: Firm's Emergency Expense Deductions Not Allowed for Individual Partners; Must Be Firm-Assessed.

July 27, 2013

Case Laws Income Tax HC

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