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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

AO is not right in holding that the incomes which are excluded ...


Assessment Error: Officer Incorrectly Taxes Firm's Exempt Incomes in Partners' Hands u/s 10 Clauses.

March 7, 2014

Case Laws     Income Tax     HC

AO is not right in holding that the incomes which are excluded from the total income of the firm by operation of various clauses of Section 10 and which form part of the share of profits of the firm would have to be taxed in the hands of the partners - HC

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