Circular No. 123-Income Tax -
Circular No. 123-Income Tax The Allahabad High Court have held in their judgment dated 24-3-1971 in the case of CIT v. Bharat Bhandar  94 ITR 315 that rebate under sections 84 and 88 should be allowed to a registered firm as well as its partners. The Board has accepted the decision and has decided that the law as laid down by the ...