Allowability of the interest paid to the partner by the assessee ...

Case Laws Income Tax

June 25, 2021

Allowability of the interest paid to the partner by the assessee firm calculating on the opening balance of the capital account of the partner without considering the subsequent withdrawals made by the partner - the Assessing Officer has rightly allowed the claim on pro-rata basis i.e. the average of opening and closing balance was taken as eligible amount while allowing the interest paid to the partner - AT

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Allowability of the interest paid to the partner by the assessee ...

Case Laws Income Tax

June 25, 2021

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