Assessing Officer Rules Individual Not a Working Partner Under Explanation 4, Section 40(b) of Income Tax Act.

Assessing Officer Rules Individual Not a Working Partner Under Explanation 4, Section 40(b) of Income Tax Act. https://www.taxtmi.com/highlights?id=25879 Scope of working partner within the meaning of Explanation 4 to Section 40(b)? - the assessee is not a partner of the firm - He is only representing the actual partner. Accordingly, AO was justified in holding that the assessee cannot be considered as working partner - AT en-us Wed, 11 Nov 2015 06:20:40 +0530 Wed, 11 Nov 2015 06:20:40 +0530 TaxTMI RSS Generator Assessing Officer Rules Individual Not a Working Partner Under Explanation 4, Section 40(b) of Income Tax Act. https://www.taxtmi.com/highlights?id=25879 Scope of working partner within the meaning of Explanation 4 to Section 40(b)? - the assessee is not a partner of the firm - He is only representing the actual partner. Accordingly, AO was justified in holding that the assessee cannot be considered as working partner - AT Highlights Income Tax Wed, 11 Nov 2015 06:20:40 +0530 https://www.taxtmi.com/highlights?id=25879