Deduction u/s 40(b) - disallowance on account of interest paid ...

Case Laws Income Tax

December 21, 2022

Deduction u/s 40(b) - disallowance on account of interest paid to partners and on account of salary paid to partners - In the instant case, instead of allowing the "admissible amount", the AO on the contrary disallowed the amount without any justification and without looking into the reality of the facts of the case as the assesee was legally entitled for deduction - AT

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Deduction u/s 40(b) - disallowance on account of interest paid ...

Case Laws Income Tax

December 21, 2022

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