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	<title>TaxGuru &#187; dharmasingh popat vs. acit (itat mumbai)</title>
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		<title>S. 14A disallowance can be made with regard to partner’s share of profits</title>
		<link>http://taxguru.in/income-tax-case-laws/s-14a-disallowance-can-be-made-with-regard-to-partner%e2%80%99s-share-of-profits.html</link>
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		<pubDate>Thu, 05 Nov 2009 01:02:56 +0000</pubDate>
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				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[business income]]></category>
		<category><![CDATA[daga]]></category>
		<category><![CDATA[dharmasingh popat vs. acit (itat mumbai)]]></category>
		<category><![CDATA[partnership firm]]></category>
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		<description><![CDATA[The assessee, a partner in a firm, received ‘share of profit’ and ‘salary’ from the firm. While the ‘share of profit’ was exempt u/s 10(2A), the ‘salary’ was taxable as business income u/s 28 (v). The assessee claimed deduction for business expenditure incurred by him. The AO held that as the assessee had exempt income, s. 14A applied and a part of the expenditure had to be disallowed.]]></description>
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