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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Disallowance for payments in respect of remuneration and ...


Disallowance of Payments to Partners Due to Lapses Outlined in Section 144, Not Assessment u/s 144.

October 4, 2015

Case Laws     Income Tax     AT

Disallowance for payments in respect of remuneration and interest on capital paid to the partners - disallowance under section 184(5) comes into play not as a result of the assessment under section 144 but as a result of the lapses as mentioned in section 144. - AT

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