Restriction on duplicate tax deductions prevents members claiming deductions already allowed to collective entities. Where an association of persons or a body of individuals is allowed specified deductions in computing its total income, the substituted rule prevents members from making the same deduction in computing their individual tax on the share of such member in the association's or body's income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restriction on duplicate tax deductions prevents members claiming deductions already allowed to collective entities.
Where an association of persons or a body of individuals is allowed specified deductions in computing its total income, the substituted rule prevents members from making the same deduction in computing their individual tax on the share of such member in the association's or body's income.
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