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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

IT - introduction of capital into the firm by the partner - if ...


Tax Department Questions Minor Partner's Capital Contribution; Attributes Funds to Minor Instead of Firm.

May 11, 2012

Case Laws     Income Tax     HC

IT - introduction of capital into the firm by the partner - if for any reason department was not satisfied with the financial capability of Minor partner the amounts could have been added to his hands and not at the hands of Firm

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