Appellate enhancement limits protect against new income sources, while documented credits and prior-year investments resist unexplained-income additio...
Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
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Deduction on the payments of interest to partners u/s 40(b) - when income was taxed u/s 176 (3A) - as per Section 176(3A) income received subsequent to the discontinuance of business need to be charged for tax as if such sum was received before the discontinuance of the business and there is nothing in above section that deductions are not allowable - hence deductions u/s 40(b) are allowable
Deduction on the payments of interest to partners u/s 40(b) - when income was taxed u/s 176 (3A) - as per Section 176(3A) income received subsequent to the discontinuance of business need to be charged for tax as if such sum was received before the discontinuance of the business and there is nothing in above section that deductions are not allowable - hence deductions u/s 40(b) are allowable
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