Estimation of income - interest and salary paid to partners - ...

AO Must Allow Deductions for Partner Payments After Rejecting Books u/s 145(3), Section 184(5) Not Applicable.

June 25, 2021

Case Laws Income Tax AT

Estimation of income - interest and salary paid to partners - The AO made the assessment by estimating the income of the assessee by rejecting the books of account by invoking the provisions of section 145(3) of the Act as he was not satisfied about the correctness of the book results of the assessee. - Provisions of Section 184(5) restricting the deduction not applicable - AO directed to allow the interest and salary paid to partners - AT

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Estimation of income - interest and salary paid to partners - ...

AO Must Allow Deductions for Partner Payments After Rejecting Books u/s 145(3), Section 184(5) Not Applicable.

June 25, 2021

Case Laws Income Tax AT

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