ITAT explains the Law on exemption u/s 10(2A) for partners share of profit in the income of the firm
January 16, 2018
High Courts, Income Tax, Judgments
ITAT explains the law on exemption u/s 10(2A) for partners share of profit in the income of the firm. Revision order u/s 263 quashed as it failed to state what kind of enquiry AO failed to make. Prelude: Section 10 of the Income Tax Act, 1961 (the Act) …