Private Company Converts to LLP: Business Succession Issues and Expense Disallowance Examined by Assessing Officer.

Private Company Converts to LLP: Business Succession Issues and Expense Disallowance Examined by Assessing Officer. https://www.taxtmi.com/highlights?id=61619 Change of Private Limited company to Limited liability partnership firm - succession to business - Disallowance of expenses - non filing of return for proper period and not in appropriate status is not at all a procedural mistake, it is quite substantial mistake. - AO directed to examine the issue as per law without being influenced by other observation of the Ld.CIT(A) - AT en-us Mon, 24 Jan 2022 08:52:44 +0530 Mon, 24 Jan 2022 08:52:44 +0530 TaxTMI RSS Generator Private Company Converts to LLP: Business Succession Issues and Expense Disallowance Examined by Assessing Officer. https://www.taxtmi.com/highlights?id=61619 Change of Private Limited company to Limited liability partnership firm - succession to business - Disallowance of expenses - non filing of return for proper period and not in appropriate status is not at all a procedural mistake, it is quite substantial mistake. - AO directed to examine the issue as per law without being influenced by other observation of the Ld.CIT(A) - AT Highlights Income Tax Mon, 24 Jan 2022 08:52:44 +0530 https://www.taxtmi.com/highlights?id=61619