Applicability of sec 297
This query is : Resolved
Vishwas Bidada
(Querist)
11 May 2012
I was doing a audit of public ltd.. they have a transaction with related party... who are sole proprietor and firm... in this case sec 297 is applicable or not..
Ajay Mishra
(Expert)
11 May 2012
Hi
Section 297 will apply on partnership firm but it will not apply to proprietorship concern.
Section 297 will apply on partnership firm but it will not apply to proprietorship concern.
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