The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment of interest to partners by a partnership firm according to the partnership deed cannot be disallowed by invoking section 14A of the Income Tax Act, 1961. The assessee is a partnership firm engaged in the business of trading of shares, […]
The post Interest to Partners by Firm as per Partnership Deed can’t be disallowed: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2ARhCaw
No comments:
Post a Comment