Institutional client call-recording exemption lets research analysts retain alternative verifiable interaction records while maintaining broader clien...
Article 21 safeguards against punitive money-laundering detention when trial delay makes continued custody constitutionally disproportionate despite s...
For computing the ceiling on partners' remuneration under section 40(b), book profit comprises the commercial profits shown in the partnership firm's profit and loss account, rather than only income assessed under the head of business or profession. Interest on FDRs and KVPs included in that account forms part of book profit even where treated as income from other sources. Excluding such interest from book profit is contrary to law, and the resulting disallowance of partners' remuneration is deleted.
For computing the ceiling on partners' remuneration under section 40(b), book profit comprises the commercial profits shown in the partnership firm's profit and loss account, rather than only income assessed under the head of business or profession. Interest on FDRs and KVPs included in that account forms part of book profit even where treated as income from other sources. Excluding such interest from book profit is contrary to law, and the resulting disallowance of partners' remuneration is deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
