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Remuneration not allowed if not specified in Partnership Deed
Case Law Details
- Case Name
- Sood Bhandari & Co. Vs. Central Board of Direct Taxes (Punjab & Haryana High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Punjab and Haryana HC
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HIGH COURT OF PUNJAB AND HARYANA
Sood Bhandari & Co.
Vs.
Central Board of Direct Taxes
CWP NO. 3765 OF 1997 ITR NO. 38 OF 1999 IT APPEAL NOS. 210 TO 212 OF 2002, 116 OF 2003, 43 & 80 OF 2004 AND 315 TO 317 OF 2005
Date of Decision – OCTOBER 5, 2011
ORDER
Hemant Gupta, J. – This order shall dispose of afore mentioned writ petition; one reference under Section 256(1) of the Income Tax Act, 1961 and; nine Income Tax Appeals arising out of the factum of addition in the income either on account of payment of salary or interest on their capital to partners, when...
