Payment to Partners for Specific Services::
Last updated: 29 May 2008
Court :
HC
Brief :
Held that the disallowances under section 40(b) cannot be made for the specific services rendered by the partner which are not in the capacity of partner
Citation :
CIT Vs. Rajam Ramaswamy And Sons 06/27/2006
[2008] 298 ITR 325(Madras)
Payment to Partners for Specific Services
CIT Vs. Rajam Ramaswamy And Sons 06/27/2006
[2008] 298 ITR 325(Madras)
Case Fact: Payments made to partners for specific services.
Decision: Held that the disallowances under section 40(b) cannot be made for the specific services rendered by the partner which are not in the capacity of partner
CA.Saibaburao Nanduri
Published in Income Tax
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