This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Interest Payable to Partners Is Year-End Liability, Not Restricted to Business Start Date
Case Law Details
- Case Name
- Meenakshi Traders Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Meenakshi Traders Vs ITO (ITAT Chennai)
Income Tax Appellate Tribunal (ITAT), Chennai Bench, heard the appeal filed by Meenakshi Traders against the order of the Commissioner of Income Tax (Appeals) (CIT(A)), National Faceless Appeal Centre (NFAC), Delhi, concerning the assessment year 2017-18. The core issue of the appeal was the confirmation of two specific disallowances made by the Assessing Officer (AO) through a rectification order under Section 154 of the Income Tax Act, 1961: interest paid to partners and remuneration paid to partners.
Condonation of Delay
The appeal was initially file...
Author Info
