Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
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
Note: It is a system-generated summary and is for quick reference only.
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