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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Disallowance of expenditure against the business income received ...

Case Laws     Income Tax

November 27, 2019

Disallowance of expenditure against the business income received from the partnership firms - the assessee on becoming a partner in the firm does not mean that he is carrying out any business activity - the question of claiming the expenses against the income received from the firm does not arise.

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