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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Legality of existence of firm BVRE – number of persons vis-à-vis ...

Case Laws     Income Tax

November 27, 2013

Legality of existence of firm BVRE – number of persons vis-à-vis 4 HUFs would be 12 (15 – 3). Since Sec.11(2) of Companies Act, 1956 uses expression “Person”, number of persons who have signed partnership deed in two capacities have to be reckoned as “one person” - AT

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