INCOME TAX : Where reopening notice was issued against assessee partner on ground that amount of interest on capital and remuneration received by him from partnership firm as per a clause in partnership deed being claimed as deduction under section 10AA by firm was liable to be taxed in hands of assessee, since there was no material on record to indicate that assessee had actually received any interest or remuneration from firm, impugned reopening notice was unjustifiedINCOME TAX : Where reopening notice was issued against assessee partner on ground that amount of interest on capital and remuneration received by him from partnership firm as per a clause in partnership deed being claimed as deduction under section 10AA by firm was liable to be taxed in hands of assessee, since there was no material on record to indicate that assessee had actually received any interest or remuneration from firm, impugned reopening notice was unjustifiedwww.taxmann.com Latest Case LawsRead More
