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of <h1>Noncompliance with Section 184 disallows partner payments as business deductions and prevents taxation in recipients' hands</h1> If a firm fails to comply with the requirements of section 184 for an assessment year, the firm must be assessed so that any payments to partners described as interest, salary, bonus, commission or remuneration (by whatever name) are not allowed as deductions when computing income under 'Profits and gains of business or profession,' and such payments shall not be treated as chargeable to tax under the provision that taxes income in the hands of recipients as business income.
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