https://www.taxtmi.com/highlights?id=28831 Additional payment even if made to the retiring partner in excess of capital account is not in nature of any profit or income within the meaning of sec.28(va) of the Act and it cannot be brought to tax as business income. - AT en-us Wed, 27 Apr 2016 12:06:53 +0530 Wed, 27 Apr 2016 12:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28831 Additional payment even if made to the retiring partner in excess of capital account is not in nature of any profit or income within the meaning of sec.28(va) of the Act and it cannot be brought to tax as business income. - AT Highlights Income Tax Wed, 27 Apr 2016 12:06:53 +0530 https://www.taxtmi.com/highlights?id=28831