Interest deduction for full-year can’t be allowed if partner has withdrawn major amount of capital from firm: ITAT

INCOME TAX : Where major amount from opening balance in capital account of a partner of assessee partnership firm was withdrawn by said partner and only a meager sum was available with partnership firm for its business purposes,INCOME TAX : Where major amount from opening balance in capital account of a partner of assessee partnership firm was withdrawn by said partner and only a meager sum was available with partnership firm for its business purposes,www.taxmann.com Latest Case LawsRead More

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