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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Disallowance u/s 40(b) - interest to partners - Assessing ...

Case Laws     Income Tax

January 30, 2012

Disallowance u/s 40(b) - interest to partners - Assessing Officer is not entitled to compel the assessee to provide for depreciation in the books of account and consequently not entitled to recomputed the capital account balances of the partners by deducting the cumulative amount of depreciation that was allowed in the hands of the assessees herein .... - AT

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