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Case Law Details

Case Name : CIT Vs. Anil Hardware Store (Himachal Pradesh High Court)
Appeal Number : (2010) 323 ITR 0368 (HP) Relevant section: 40(b)(v)
Date of Judgement/Order :
Related Assessment Year :
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Allow ability of remuneration when partnership deed not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration

In a case where the partnership deed does not specify the remuneration payable to each individual

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0 Comments

  1. mehul says:

    if only specified that the remuneration to partners are paid as per up to the limit specified under the Income Tax Act, then also they are eligible for remuneration?

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