29 December 2015
OUR IS JOINT VENTURE FIRM CONSIST THREE PARTNERS THE ASSESSING OFFICER HAS ASSESSED IN STATUS OF AOP AND ALSO DISALLOWED INTEREST PAID ON CAPITAL CONTRIBUTION BY PARTNERS U/S40(B) NOR ALLOWED AS BUSINESS EXPENDITURE ALSO
KINDLY GUIDELINE WITH CASE LAW WHERE INTEREST IS ALLOWABLE ON CAPITAL CONTRIBUTION UNDER AOP STATUS
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