https://www.taxtmi.com/highlights?id=59007 Levy of interest u/s 234B and 234C - Liability of advance tax - income from partnership firm in the hands of partner - As per the provisions of Sec. 10(2A) of the Act, the share of profit of the partnership firm is exempted in the hands of the partner. - both the provisions u/Sec 207 & Sec 208 are not inclusive and are independently applicable. The assessee case falls within the purview of provisions of section 207(2) of the Act which cannot be disputed. - Interest liability to be deleted - AT en-us Mon, 02 Aug 2021 17:42:36 +0530 Mon, 02 Aug 2021 17:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59007 Levy of interest u/s 234B and 234C - Liability of advance tax - income from partnership firm in the hands of partner - As per the provisions of Sec. 10(2A) of the Act, the share of profit of the partnership firm is exempted in the hands of the partner. - both the provisions u/Sec 207 & Sec 208 are not inclusive and are independently applicable. The assessee case falls within the purview of provisions of section 207(2) of the Act which cannot be disputed. - Interest liability to be deleted - AT Highlights Income Tax Mon, 02 Aug 2021 17:42:36 +0530 https://www.taxtmi.com/highlights?id=59007