Once it is held that the agreement constitutes AOP any amount ...

Members' Withdrawals from AOP Not Taxable; Section 80IB(10) Deduction Applies to Joint Venture, Not Individual Members.

April 16, 2016

Case Laws Income Tax AT

Once it is held that the agreement constitutes AOP any amount drawn from the AOP cannot be taxed in the hands of the assessee member. The assessee is also not entitled for any deduction u/s. 80IB(10) and it is the joint venture that is eligible for the deduction u/s.80IB(10) - AT

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Once it is held that the agreement constitutes AOP any amount ...

Members' Withdrawals from AOP Not Taxable; Section 80IB(10) Deduction Applies to Joint Venture, Not Individual Members.

April 16, 2016

Case Laws Income Tax AT

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