Remuneration paid to partners - remuneration is not specified - ...

Partner Remuneration Undefined, Lacks Calculation Method; Fails Section 40(b)(v) Compliance of Income Tax Act.

July 14, 2014

Case Laws Income Tax AT

Remuneration paid to partners - remuneration is not specified - manner of computing the remuneration is not specified - remuneration payable is left to future mutual agreement between the partners - requirement of Section 40 (b) (v) are not satisfied - AT

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Remuneration paid to partners - remuneration is not specified - ...

Partner Remuneration Undefined, Lacks Calculation Method; Fails Section 40(b)(v) Compliance of Income Tax Act.

July 14, 2014

Case Laws Income Tax AT

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