Valuation of land acquired from the partners in the partnership ...

Land Valuation in Partnership: Section 45(3) Applies, but Excessive Payment Rule in Section 40A(2)(a) Also Relevant.

March 27, 2018

Case Laws Income Tax AT

Valuation of land acquired from the partners in the partnership firm - provisions of sec. 45(3) are applicable in the hands of partners - but the same does not bar application of sec. 40A(2)(a) of the Act. - AT

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Valuation of land acquired from the partners in the partnership ...

Land Valuation in Partnership: Section 45(3) Applies, but Excessive Payment Rule in Section 40A(2)(a) Also Relevant.

March 27, 2018

Case Laws Income Tax AT

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