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Interest and Salary paid to partners by firm correctly denied since the firm failed to comply with sec. 142(1) notice: ITAT
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Corporate Tax
Interest and Salary paid to partners by firm correctly denied since the firm failed to comply with sec. 142(1) notice: ITAT
Posted on
on
July 23, 2019
Tenet Tax Daily July 20 2019
By
tenettax-team
Corporate Tax
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Excess share premium not taxable u/s 56(2)(viib) without determining FMV of shares
Allow ability of expense is not dependent on Method of accounting provided for valuation of inventory:HC
