16 March 2013
Production of certified copy of partnership deed is mandatory for claiming assessment in the status of a FIRM. In its absence ,the case will fail in view of Kerala high court decision in Bhaskar & Co Vs. CIT reported in 187 Taxman.
16 March 2013
Sir i was searching for a case where we are having clause in deed that we have to pay interest & remuneration but still we dont pay the same & it will be valid.
As in our case Firm income is excempt so we need not to pay interest & remuneration to partners.
So if there is any case relating to that then please give citation.