Interest paid to legal heirs of deceased partner cannot be disallowed merely on ground of passing book entry on year…
Interests on capital account has to be calculated on daily product basis not on opening or closing balance of financial…
Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds ABCAUS Case Law…
Remuneration paid to partners cannot be disallowed for want of registration of firm. There is no requirement that partnership firm…
In a recent judgment, ITAT Chennai has upheld that Addition u/s 69 for discrepancies in stocks was business income and has…