The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Remuneration paid to the partners cannot be disallowed for want of Registration of Firm. The assessee, M/s. Tulip Valves and Controls is a Partnership Firm engaged in the business of manufacturing and assembling of valves. The return filed by the […]
The post Remuneration Paid to Partners can’t be disallowed for want of Registration of Firm: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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