Case Law Details
Case Name : M/s. V. Swaminatha Iyer & Co. Vs. The Deputy Commissioner of of Income Tax (ITAT Chennai)
Related Assessment Year :
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All ITAT ITAT Chennai
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V.Swaminatha Iyer & Co. Vs. DCIT (ITAT Chennai) – On going through the facts of the case and the grounds of appeal placed before us, we find that the assessee is aggrieved on two counts namely dis allowance of interest to loan creditors and dis allowance of salary paid to lady partners. The issue of interest to loan creditors is specifically reflected only in the statement of facts whereas the issue of salary paid to lady partners is reflected only in the grounds of appeal. We are also constrained to state that the amount of interest agitated by the assessee as interest to loan cr...
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lots of benefits for female partner. Can i register a company and give salary to my wife for tax benefits?