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Payment to Partners for Specific Services::

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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
on 29 May 2008
Published in Income Tax
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