The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer had rightly invoked Section 154 of the Income Tax Act to disallow deduction since HUF cannot be treated as a working partner in the partnership firm. In the instant case, the Assessing Officer initially accepted the original return filed […]
The post HUF can’t be a Working Partner in Firm: ITAT upholds Rectification Order [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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