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Case Law Details

Case Name : Mulberry Textiles LLP Vs ITO (ITAT Bangalore)
Related Assessment Year : 2020-21
Courts : ITAT Bangalore
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Mulberry Textiles LLP Vs ITO (ITAT Bangalore)

LLP receiving share of profit from other partnership firm is eligible for exemption under Income Tax

The ITAT, Bangalore in M/s Mulberry Textiles LLP v. ITO [ITA No. 757/Bang/2022 dated January 3, 2023] has held that, Limited Liability Partnership (“LLP”)

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